S.D. Admin. R. 24:59:04:04

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

Section 24:59:04:04 - Projection of contribution from state fees charged to students

For purposes of forecasting anticipated contributions from student tuition and state fees charged to students for bonding projects, the following calculations shall be used:

(1) Calculate the estimated amount of revenue needed to be raised from state fees charged to students for debt service for the next five fiscal years;

(2) Estimate the number of full-time equivalent students for the current fiscal year and the subsequent five fiscal years;

(3) Determine the estimated contributions from student tuition and fees for the next five fiscal years as follows:

(a) For each fiscal year, multiply the results of subdivision (2) above by 30 credit hours;

(b) Divide the result of subdivision (1) by the result of subdivision (3)(a) and round up to the nearest whole dollar to calculate the estimated state fees charged to students per credit hour needed for debt service coverage; and

(c) Multiply the results of subsections (a) and (b) above for each fiscal year to calculate the estimated amount of state fees charged to students pledged for each fiscal year.

S.D. Admin. R. 24:59:04:04

Transferred from 24:10:46:04, 44 SDR 184, effective 6/25/2018

General Authority: SDCL 1-16A-94, 13-39A-24.

Law Implemented: SDCL 1-16A-43, 1-16A-93, 13-39A-24, 13-39A-25, 13-39A-26.