Section 11-11-160 - Access of authority to premises of development or project--Inspection andaudits--Costs. - South-dakota Statutes

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11-11-160. Access of authority to premises of development or project--Inspection and audits--Costs. As a condition of a mortgage loan or other financing, the authority shall have the power, at all times during the construction or rehabilitation of a housing development or housing project by a housing sponsor and the operation thereof, to enter upon and inspect any housing development or housing project, including all parts thereof, for the purpose of investigating the physical and financial condition thereof, and its construction, rehabilitation, operation, management, and maintenance, and to examine all books and records of the housing sponsor with respect to the financial conditions, income and other matters relating thereto and to make such charges as may be required to cover the cost of such inspections and examinations.

Source: SL 1973, ch 180, § 19 (8) (a); SDCL Supp, § 28-19-138; SL 1995, ch 80, § 28.

State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-11 > Statute-11-11-160

11-11-160. Access of authority to premises of development or project--Inspection and audits--Costs. As a condition of a mortgage loan or other financing, the authority shall have the power, at all times during the construction or rehabilitation of a housing development or housing project by a housing sponsor and the operation thereof, to enter upon and inspect any housing development or housing project, including all parts thereof, for the purpose of investigating the physical and financial condition thereof, and its construction, rehabilitation, operation, management, and maintenance, and to examine all books and records of the housing sponsor with respect to the financial conditions, income and other matters relating thereto and to make such charges as may be required to cover the cost of such inspections and examinations.

Source: SL 1973, ch 180, § 19 (8) (a); SDCL Supp, § 28-19-138; SL 1995, ch 80, § 28.

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State Codes and Statutes

Statutes > South-dakota > Title-11 > Chapter-11 > Statute-11-11-160

11-11-160. Access of authority to premises of development or project--Inspection and audits--Costs. As a condition of a mortgage loan or other financing, the authority shall have the power, at all times during the construction or rehabilitation of a housing development or housing project by a housing sponsor and the operation thereof, to enter upon and inspect any housing development or housing project, including all parts thereof, for the purpose of investigating the physical and financial condition thereof, and its construction, rehabilitation, operation, management, and maintenance, and to examine all books and records of the housing sponsor with respect to the financial conditions, income and other matters relating thereto and to make such charges as may be required to cover the cost of such inspections and examinations.

Source: SL 1973, ch 180, § 19 (8) (a); SDCL Supp, § 28-19-138; SL 1995, ch 80, § 28.