South Dakota Administrative Rules
Title 24 - EDUCATION
Article 24:59 - Postsecondary Technical Institutes
Chapter 24:59:04 - Postsecondary Technical Institute Lease Purchase Agreements
Section 24:59:04:04 - Projection of contribution from state fees charged to students

Universal Citation: SD Admin Rules 24:59:04:04

Current through Register Vol. 51, page 43, September 23, 2024

For purposes of forecasting anticipated contributions from student tuition and state fees charged to students for bonding projects, the following calculations shall be used:

(1) Calculate the estimated amount of revenue needed to be raised from state fees charged to students for debt service for the next five fiscal years;

(2) Estimate the number of full-time equivalent students for the current fiscal year and the subsequent five fiscal years;

(3) Determine the estimated contributions from student tuition and fees for the next five fiscal years as follows:

(a) For each fiscal year, multiply the results of subdivision (2) above by 30 credit hours;

(b) Divide the result of subdivision (1) by the result of subdivision (3)(a) and round up to the nearest whole dollar to calculate the estimated state fees charged to students per credit hour needed for debt service coverage; and

(c) Multiply the results of subsections (a) and (b) above for each fiscal year to calculate the estimated amount of state fees charged to students pledged for each fiscal year.

General Authority: SDCL 1-16A-94, 13-39A-24.

Law Implemented: SDCL 1-16A-43, 1-16A-93, 13-39A-24, 13-39A-25, 13-39A-26.

Disclaimer: These regulations may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.