S.D. Admin. R. 24:59:05:04

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

Section 24:59:05:04 - Allocation of funds

The postsecondary technical colleges shall receive state funding from the amount appropriated by the Legislature. The distribution formula is as follows:

(1) The executive director shall follow the same full-time equivalent student calculations, program weight factor classifications, and weighted per student values as set forth in § 24:59:02:03;

(2) Twenty-five percent of the total allocation must be distributed equally among the four colleges as a baseline for technical college instructor salaries and benefits; and

(3) Seventy-five percent of the total allocation must be distributed within three program categories: high cost-low density programs, high cost programs, and standard cost programs. The executive director shall distribute funds by determining each program's full-time equivalent students, multiplied by the weighted program factor, multiplied by the weighted per student value.

S.D. Admin. R. 24:59:05:04

44 SDR 184, effective 6/25/2018; 48 SDR 061, effective 7/1/2022

General Authority: SDCL 13-39A-14, SDCL 13-39A-18.

Law Implemented: SDCL 13-39A-14, SDCL 13-39A-18, SDCL 13-39A-21.