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.
Public credit not pledged for student loan program
SDCL § 13-56-5 — under HIGHER EDUCATION LOAN GUARANTY PROGRAM.
SDCL § 13-56-5