12:07:17:12.  Loan proceeds. The loan proceeds to be guaranteed may only be used for the purchase of real estate for agricultural purposes.

          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.