13-55A-12. Need-based matching program.
The Board of Regents is further authorized to establish a South Dakota need-based matching program. Any postsecondary institution eligible to participate in the program established under §13-55A-1 may apply to the executive director once it has accumulated funding equal to three times the total need-based award. When an award is made, the board may distribute such monies at the rate of one dollar of the sum appropriated in this chapter for every three dollars of private funding held and allocated to need-based financial aid by the participating institution. The Board of Regents may accept gifts, grants, and contributions, public or private, that will facilitate the education of South Dakota students pursuant to this chapter.
Source: SL 1974, ch 141, §10; SL 2003, ch 272 (Ex. Ord. 03-1), §63; SL 2010, ch 104, §8; SL 2013, ch 92, §8, eff. Mar. 12, 2013.
Structure South Dakota Codified Laws
Chapter 55A - Need-Based Grants
Section 13-55A-1 - Finding as to public interest.
Section 13-55A-2 - Definitions.
Section 13-55A-3 - Students qualified to receive grants.
Section 13-55A-4 - Amount of grant.
Section 13-55A-5 - Information required to make financial need determination.
Section 13-55A-10 - Refund to state if student discontinues attendance.
Section 13-55A-11 - Executive director to administer program.
Section 13-55A-12 - Need-based matching program.
Section 13-55A-12.1 - Acceptance and expenditure of state and private funds--Warrants and vouchers.
Section 13-55A-13 - Severability of provisions.
Section 13-55A-14 - Postsecondary scholarship grant fund created.
Section 13-55A-15 - South Dakota freedom scholarship board––Establishment.