Interest rate amended from zero to 2% in bill allowing airport loans from housing fund

By: Meghan O'Brien

Outlets: South Dakota Searchlight

Published: February 24, 2026

Words: 554

Last Updated: 2 weeks, 3 days ago

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PIERRE — The South Dakota Senate approved a bill Monday that would allow a state housing infrastructure fund to be used for large airport project loans, but at 2% interest instead of the previously proposed 0%.

The Senate also approved a bill that would loosen the terms of housing infrastructure loans from the fund. Both are now headed to a House committee.

The bills seek to alter the Housing Infrastructure Financing Program, which legislators …

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