S.D. Admin. R. 24:40:02:19
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 § 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.
S.D. Admin. R. 24:40:02:19
General Authority: SDCL 13-55A-11.
Law Implemented: SDCL 13-55A-11.