<html> <head> <title>Rule 24:40:02:18 Determination of institution's allowance of indirect match funds.Determination of allowances for entrant institutions.</title> <META NAME="Keywords" Content="Administrative Rules 24:40:02:18"> <META NAME="Description" Content="Administrative Rules 24:40:02:18 Determination of institution's allowance of indirect match funds.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>24:40:02:18.&nbsp;&nbsp;Determination of institution's allowance of indirect match funds.</b> Each eligible institution's allowance of indirect match 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 indirect match funds.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 8 SDR 14, effective August 18, 1981; 11 SDR 96, 11 SDR 112, effective July 1, 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>