S.D. Admin. R. 24:59:04:01
An application for a new bond for lease purchase agreement for the postsecondary technical institutes must be submitted to the executive director of the Board of Technical Education. The executive director shall convene a meeting of designated representatives of the technical institutes and a representative of the Department of Executive Management referenced in SDCL Chapter 1-33. Postsecondary technical institutes with new bonds for lease purchase agreement proposals shall present their rationale for issuance. The executive director shall review the rationale presented and make a recommendation to the South Dakota Board of Technical Education on all applications which were submitted as to which projects should be considered for approval or disapproval. All proposals for projects must go through this process before they may be considered by the South Dakota Board of Technical Education at its next regularly scheduled meeting.
S.D. Admin. R. 24:59:04:01
General Authority: SDCL 1-16A-94, 13-39A-24.
Law Implemented: SDCL 1-16A-93, 13-39A-24, 13-39A-25, 13-39A-26.