<html> <head> <title>Rule 24:40:02:17 Determination of institution's allowance of direct matched funds.</title> <META NAME="Keywords" Content="Administrative Rules 24:40:02:17"> <META NAME="Description" Content="Administrative Rules 24:40:02:17 Determination of institution's allowance of direct matched funds."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>24:40:02:17.&nbsp;&nbsp;Determination of institution's allowance of direct matched funds.</b> Each eligible institution's allowance of direct matched funds shall be determined by computing each participating institution's percentage of the total of all participating institutions' average Pell grant expenditures from the second, third, and fourth preceding school fiscal years and applying this percentage against any available direct matched funds. No participating eligible institution or entrant institution whose allowance is computed according to this section shall receive less than $1,000.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 8 SDR 14, effective August 18, 1981; repealed, 11 SDR 96, 11 SDR 112, effective July 1, 1985; reenacted, 12 SDR 44, effective September 24, 1985.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=13-55A-11">13-55A-11.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=13-55A-11">13-55A-11.</A></p> </div> </body> </html>