12:07:17:03.  Eligibility requirements for applicants. To be eligible for a beginning farmer down payment guaranty, an applicant must meet the following requirements:

          (1)  Meet the eligibility requirements of the beginning farmer bond;

          (2)  Have a lender providing the bond proceeds; and

          (3)  Apply on an official application form and supply supporting information.

          Source: 19 SDR 93, effective January 1, 1993; 38 SDR 45, effective September 22, 2011.

          General Authority: SDCL 38-6-8.1.

          Law Implemented: SDCL 38-6-3, 38-6-8.