<html> <head> <title>Rule 24:40:02:19 Determination of allowances for entrant institutions.</title> <META NAME="Keywords" Content="Administrative Rules 24:40:02:19"> <META NAME="Description" Content="Administrative Rules 24:40:02:19 Determination of allowances for entrant institutions."> <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>24:40:02:19.&nbsp;&nbsp;Determination of allowances for entrant institutions.</b> The allowances of direct matched funds and indirect match funds for entrant institutions shall be determined by the secretary by multiplying the entrant institution's current enrollment of full-time students by the average Pell grant expenditure for each enrolled, full-time postsecondary student for the third preceding school fiscal year at all eligible institutions within the state. This method of computing allowances for entrant institutions shall be used by the secretary until the entrant institutions satisfy the requirements of §&nbsp;24:40:02:13. An entrant institution enrolling less than 100 qualified students whose allowances are computed according to this section shall receive not less than $500.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 8 SDR 14, effective August 18, 1981; 8 SDR 171, effective June 24, 1982; 11 SDR 96, 11 SDR 112, effective July 1, 1985; 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>