revise certain criteria for loans from the South Dakota housing infrastructure fund.

Summary

The bill rewrites the rules for the state housing infrastructure fund, setting new percentages for how money is divided between large cities and the rest of the state and capping loan amounts at up to half of a project's total cost. It also clarifies the types of public infrastructure that qualify and stops a municipality over 50,000 people from receiving both a grant and a loan for the same project. These changes aim to make funding more targeted and ensure the authority can cover its administrative costs.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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