Statutes, codes, and regulations
South Dakota Codified Laws
Title 13 - EDUCATION
Chapter 55E - ADVANCE PAYMENT OF HIGHER EDUCATION COSTS
Section 13-55E-9 - Expenditures from fund-Administration costs and fees

S.D. Codified Laws § 13-55E-9

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Current through the 2024 Legislative Session
Section 13-55E-9 - Expenditures from fund-Administration costs and fees

Expenditures from the fund established under § 13-55E-8 shall be for payments to institutions of higher education on behalf of beneficiaries, payments of refunds and direct payment of benefits in accordance with § 13-55E-10 and for costs of administering this chapter. Administration fees shall be specified by contract and may not exceed two percent of investment earnings accruing to the fund.

SDCL 13-55E-9

SL 1994, ch 145, § 9.