13-56-5. Public credit not pledged for student loan program.
The credit of the state, or any of its departments or subdivisions, shall never be encumbered or obligated, under the provisions of this chapter, or in any of its operations or applications.
Source: SL 1966, ch 210, §6; SL 1978, ch 130, §4.
Structure South Dakota Codified Laws
Chapter 56 - Higher Education Loan Guaranty Program
Section 13-56-2 - Administration of past agreements of Board of Regents.
Section 13-56-3 - Acceptance of federal and other funds--Administration of federal program.
Section 13-56-4 - Power of minor to contract for student loan.
Section 13-56-5 - Public credit not pledged for student loan program.
Section 13-56-6 - Records, accounting, and reports--Rules and regulations.
Section 13-56-7 - Citation of chapter.
Section 13-56-9 - Recipients ineligible for physician tuition reimbursement program.