authorize loans from the South Dakota housing infrastructure fund for airport infrastructure.

Added authorization for loans from the South Dakota housing infrastructure fund specifically for airport infrastructure improvements.

Established eligibility criteria requiring airports to have scheduled air service and be located in metropolitan statistical areas with at least 125,000 residents as of July 1, 2024.

Set loan limits at $15 million per recipient and required loan repayments to be deposited back into the housing infrastructure fund for new loans.

Established specific loan terms including 2% annual interest, 20-year amortization, unsecured loans, and a deadline of June 30, 2030 for closing and funding.

Modified the authority's rule-making requirements to include loans provided under the new airport infrastructure section alongside existing housing infrastructure loans.

Added exemptions from certain municipal indebtedness provisions for loans to municipalities and regional airport authorities.

Added authorization for loans from the South Dakota Housing Infrastructure Fund specifically for airport infrastructure improvements.

Established eligibility criteria requiring airports to have scheduled air service and be located in metropolitan statistical areas with at least 125,000 residents as of July 1, 2024.

Set a maximum loan amount of fifteen million dollars per recipient.

Specified loan terms including zero percent interest, unsecured status, equal annual payments over 20 years, first payment due one year after funding, and funding deadline of June 30, 2030.

Added requirement that all loan repayments must be deposited back into the Housing Infrastructure Fund for new loans.

Provided exemptions from certain municipal indebtedness provisions for loans to municipalities and regional airport authorities.

Updated the rules promulgation criteria to include the new airport loan category alongside existing housing infrastructure loans.