authorize loans from the South Dakota housing infrastructure fund for airport infrastructure.
Signed by the Governor on 2026-03-24
Summary
The bill transfers unused money from South Dakota’s housing infrastructure fund into the revolving economic development fund and authorizes the Board of Economic Development to make interest‑free loans to owners or operators of airports with scheduled service in certain metropolitan areas. Loans are capped at $15 million per recipient, must be repaid over 20 years, and must be funded by June 30 2030. The measure is intended to improve airport infrastructure without raising taxes.
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