If the secretary approves the application for guaranty, wholly or subject to conditions, the office shall issue a conditional approval of guaranty. The conditional approval shall stipulate any conditions that must be met before a final guaranty is put into place, including the maximum amount of the guaranty and the maximum time allowed for purchase of the livestock.
S.D. Admin. R. 12:07:14:10
General Authority: SDCL 38-6-8.1.
Law Implemented: SDCL 38-6-3, 38-6-8.