13-55E-13. Promulgation of rules.
Rules necessary to administer this chapter shall be promulgated jointly by the executive director and the state treasurer pursuant to chapter 1-26. Rules adopted pursuant to this section shall include policies and procedures governing the:
(1)Receipt of payments from purchasers on behalf of beneficiaries;
(2)Accounting and reporting to purchasers of payments deposited and invested in accordance with this chapter;
(3)Period of time during which the beneficiary may receive benefits under the contract;
(4)Terms and conditions under which contracts may be terminated or modified, refunds may be granted and direct payment of benefits may be made pursuant to §13-55E-11;
(5)Provisions of contract benefits at institutions of higher education;
(6)Payment to institutions of higher education on behalf of beneficiaries;
(7)Imposition of fees to cover costs incurred for the administration of this chapter not to exceed the limitation imposed under §13-55E-9; and
(8)Other terms, conditions, and provisions determined necessary for advanced payment contracts and benefits provided under contracts.
Source: SL 1994, ch 145, §13.
Structure South Dakota Codified Laws
Chapter 55E - Advance Payment Of Higher Education Costs
Section 13-55E-1 - Definition of terms.
Section 13-55E-2 - Advance payment contract--Time limitations of benefits.
Section 13-55E-3 - Reduction of time limitations of benefits.
Section 13-55E-4 - Specification of payment options.
Section 13-55E-5 - Limitation on tuition benefits in excess of resident tuition costs.
Section 13-55E-7 - Nontransferability--Substitution of beneficiary.
Section 13-55E-8 - Deposits of payments--State fund.
Section 13-55E-9 - Expenditures from fund--Administration costs and fees.
Section 13-55E-10 - Schedule for payment to institutions of higher education.
Section 13-55E-11 - Nonutilization of advance payment contract--Refunds.