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South Dakota Housing Fund for Airports | Sioux Falls News
South Dakota just passed a controversial new rule letting housing fund money finance airport loans—up to $15 million at 2% interest for metro areas over 125K residents, benefiting Rapid City and Sioux Falls. Lawmakers like Jon Hansen and Taffy Howard argue it’s an appropriation requiring two-thirds approval, since the fund was meant for housing, not aviation. Supporters, including Senator Jim Mehlhaff, say past loans—including a zero-interest one to a school near an air force base—already set precedent. The Rules Review Committee split, letting the rules move forward, but the battle over…
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