Pooled Bond Program (South Dakota)

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Last modified on February 12, 2015.

EZFeed Policy

Place South Dakota


   

Name Pooled Bond Program (South Dakota)
Policy Category Financial Incentive
Policy Type Bond Program
Affected Technologies Biomass/Biogas, Coal with CCS, Concentrating Solar Power, Energy Storage, Fuel Cells, Geothermal Electric, Hydroelectric, Hydroelectric (Small), Natural Gas, Nuclear, Solar Photovoltaics, Wind energy
Active Policy Yes

Implementing Sector State/Province




























Primary Website http://legis.sd.gov/statutes/DisplayStatute.aspx?Statute=1-16B&Type=Statute



Last Review 2014-08-01
Last Substantive Modification
to Summary
2014-08-01

Information Source http://www.sdreadytowork.com/Financing-and-Incentives--Bond-Financing.aspx


Summary

The Pooled Bond Program offered by the Economic Development Finance Authority is designed for capital intensive projects, providing small businesses access to larger capital markets for tax-exempt or taxable bond issuances. Bond proceeds can be used to finance 80 percent of new construction, and 75 percent of new equipment costs, with no greater than 25 percent of the bond proceeds being used for ancillary activities such as office or inventory space.



Policy Contact

Contact Name Travis Dovre
Department South Dakota Governor's Office of Economic Development

Address 711 E. Wells Avenue

Place Pierre, South Dakota
Zip/Postal Code 57501
Phone 1-800-872-6190
Phone 2 (605) 773-3301

Email goedinfo@state.sd.us
Website http://www.sdreadytowork.com/
     
     

Authorities (Please contact the if there are any file problems.)

Authority 1: Economic Development Finance Authority




















References