The authority shall distribute monies from the South Dakota housing infrastructure fund, created in § 11-15-2 , as follows: (1) Thirty percent for housing infrastructure in municipalities having a population of fifty thousand or more; and (2) Seventy percent for housing infrastructure in all other areas of the state. The authority may not provide both a grant and loan from the South Dakota housing infrastructure fund for the same housing infrastructure project located in a municipality having a population of fifty thousand or more.
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