South Dakota creates a new school construction loan fund administered by the Department of Education to help school districts pay for building new schools or expanding existing ones. The state will loan up to 40 percent of a construction project's cost to school districts at zero percent interest, with no collateral required, and any repayments go back into the fund to make additional loans.
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Committee on Appropriations Tabled Passed, YEAS 11, NAYS 6. J. 33
Committee on Appropriations Motion to amend J. 31
Committee on Appropriations Scheduled for hearing J. 1
Committee on Appropriations Scheduled for hearing J. 1
House of Representatives Referred to Joint Committee on Appropriations H.J. 194
First Reading House H.J. 181
Prime sponsor · Rep
D
Dist. HD-032
cosponsor · Rep
D
Dist. HD-026
cosponsor · Rep
D
Dist. HD-015
cosponsor · Rep
D
Dist. HD-015
Tabled