The distributable income of the South Dakota Freedom Scholarship endowment must be expended annually to benefit eligible South Dakota students

Any excess earnings or other income to the endowment must be added to the endowment principal. The board shall determine the manner and method of disbursement of the needs-based scholarships, based upon the undergraduate full-time, degree-seeking, South Dakota resident enrollments of each participating, eligible institution, as described in § 13-55A-17 . Source: SL 2021, ch 83 , § 6, eff. Mar. 18, 2021; SL 2022, ch 48 , § 1.