Rule 24:40:13:19 Duties of the executive director.
24:40:13:19. Duties of the executive director. The
executive director shall oversee the creation, operation, effectiveness, and
adjustment of the scholarship program. To these ends, the executive director
may delegate functions, appoint assistants, or contract for services to assure
the prudent and efficient operation of the program. The executive director
shall do the following:
(1) Develop all terms,
conditions, and required forms or contracts for the scholarship program;
(2) Prorate available appropriations
if the appropriations are insufficient to permit each participant to receive a
full scholarship payment;
(3) Transfer funds on
October 15, or the first working day thereafter, and March 15, or the first
working day thereafter, to participating institutions to cover scholarship
awards for each participating regular student whose eligibility for benefits
under the scholarship program has been verified by the participating
30 SDR 211, effective July 7, 2004.
Authority: SDCL 13-55-36.
Implemented: SDCL 13-55-30 to 13-55-36, inclusive.
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