S.D. Admin. R. 24:40:02:12

Current through Register Vol. 51, page 67, December 16, 2024

Section 24:40:02:12 - Duties of the secretary

In addition to the duties listed in SDCL 13-55A-11, the secretary shall do the following:

(1) Apply for federal SIG dollars;

(2) Provide all terms, conditions, and required forms for the SIG program;

(3) Determine which eligible institutions desire to participate in either the direct matched funds allocation, the indirect match fund allocation, or both;

(4) Calculate each participating eligible institution's allowance of available direct matched funds according to § 24:40:02:17;

(5) Calculate each participating eligible institution's allowances of available indirect match funds according to § 24:40:02:18;

(6) Credit each participating eligible institution with its allowances of direct matched funds and indirect match funds. Separate accounts of allowances for federal and nonfederal portions of direct matched funds and of indirect match funds shall be maintained;

(7) Review, correct errors contained in any application received, and either approve or disapprove applications submitted by qualified students through their eligible institution's financial aid office;

(8) Approve and award each student's allocation of available SIG funds based upon the roster of recommendations established in § 24:40:02:13. The student's available institutional qualifying matching aid, if any, shall be used before awarding the student any part of the direct matched funds; and

(9) Reallocate any unused direct matched or indirect match funds. Any directed matched or indirect match funds available but not distributed due to the failure of an institution to participate fully in the SIG program shall be distributed by the secretary to the remaining participating eligible institutions on the same basis as the initial distributions.

S.D. Admin. R. 24:40:02:12

8 SDR 14, effective 8/18/1981; 8 SDR 171, effective 6/24/1982; 11 SDR 96, 11 SDR 112, effective 7/1/1985; 12 SDR 44, effective 9/24/1985.

General Authority: SDCL 13-55A-11.

Law Implemented: SDCL 13-55A-11.