24:59:02:02.  Set-asides. The South Dakota Board of Technical Education shall set aside facility funds, National Guard Tuition Benefit funds, and maintenance and repair funds from the total appropriated to the South Dakota Board of Technical Education under "Postsecondary Vocational Education."

 

          The facility fund set aside shall be an amount equal to twenty-seven percent of the current year lease purchase agreement payments.

 

          All National Guard Tuition Benefit funds shall be distributed each academic term to the postsecondary technical colleges based on the actual state tuition benefits applied for qualifying National Guard members after federal tuition benefits are applied.

 

          All maintenance and repair funds shall be set aside and distributed each year to the postsecondary technical colleges to be used exclusively for the maintenance and repair of state-owned facilities on the respective postsecondary technical college campuses.

 

          Source: 23 SDR 139, effective March 10, 1997; 32 SDR 117, effective January 5, 2006; 35 SDR 306, effective July 1, 2009; 40 SDR 40, effective September 11, 2013; 43 SDR 9, effective August 4, 2016; 43 SDR 176, effective July 3, 2017; Readopted from § 24:10:42:27, 44 SDR 184, effective June 25, 2018; 45 SDR 130, effective April 29, 2019; 45 SDR 158, effective July 1, 2019; 47 SDR 42, effective October 12, 2020.

          General Authority: SDCL 1-16A-94, 13-39A-12, 13-39A-18.

          Law Implemented: SDCL 1-16A-43, 1-16A-96, 13-39A-12, 13-39A-18, 33-6-6.