S.D. Codified Laws § 13-55E-5

Current through the 2024 Legislative Session

Section 13-55E-5 - Limitation on tuition benefits in excess of resident tuition costs

The advance payment contract shall prohibit payment of and the executive director may not pay tuition benefit in excess of resident tuition costs if the:

(1) Purchaser entered into the advance payment contract under an option specified by subdivision 13-55E-4(2); or

(2) Beneficiary is determined a resident for tuition purposes by the appropriate institution of higher education at the time of enrollment and the purchaser entered into the advance payment contract under an option specified by subdivision 13-55E-4(2).

SDCL 13-55E-5

SL 1994, ch 145, § 5.