24:59:05:04.   Allocation of funds. The executive director shall distribute salary support funds to the postsecondary technical colleges as follows:

    (1)  Twenty-five percent of the total salary support fund allocation must be distributed equally among the four colleges as a baseline for technical college instructor salaries and benefits; and

    (2)  Seventy-five percent of the total salary support fund allocation must be distributed within three program categories: high cost-low density programs, high cost programs, and standard cost programs.

    For purposes of the distribution under this section, the executive director shall follow the same full-time equivalent student calculations, program weight factor classifications, and weighted per student values as set forth in § 24:59:02:03. The executive director shall distribute funds by determining each program's full-time equivalent students, multiplied by the weighted program factor, multiplied by the weighted per student value.

    Source: 43 SDR 9, effective August 4, 2016; 43 SDR 176, effective July 3, 2017; Readopted from § 24:10:49:04, 44 SDR 184, effective June 25, 2018; 48 SDR 61, effective December 9, 2021; 48 SDR 61, effective July 1, 2022.

    General Authority: SDCL 13-39A-18.

    Law Implemented: SDCL 13-39A-14, 13-39A-18, 13-39A-21.