Title 13 — EDUCATION
92 chapters · 1,687 sections in this title.
SDCL § 13-55E-1 Definition of terms
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Terms used in this chapter mean: (1) "Advance payment contract," a contract entered into by the executive director and a purchaser pursuant to this chapter to provide for the higher education of a beneficiary; (2) "Beneficiary," the person designated within the advance payment co…
SDCL § 13-55E-10 Schedule for payment to institutions of higher education
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The executive director shall establish a schedule for payment to institutions of higher education of the tuition, room and board, or tuition only costs on behalf of beneficiaries. Payment under this section may not begin until the beneficiary applies to and is accepted by the ins…
SDCL § 13-55E-11 Nonutilization of advance payment contract--Refunds
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If the beneficiary dies, is not admitted to an institution of higher education following proper application, elects to not attend an institution of higher education or if attending, elects to discontinue higher education or for any other circumstance approved by the executive dir…
SDCL § 13-55E-12 Direct payment of costs to beneficiary
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If the beneficiary qualifies for benefit entitlement under provisions of the advance payment contract, is admitted to an institution of higher education and receives additional financial or other assistance for tuition, room or board costs, or elects not to contract for room and …
SDCL § 13-55E-13 Promulgation of rules
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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…
SDCL § 13-55E-2 Advance payment contract--Time limitations of benefits
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In accordance with rules promulgated pursuant to chapter 1-26 , the executive director may enter into a contract with a purchaser for the advance payment of tuition, room and board, or tuition only costs on behalf of a beneficiary for attendance at one, or a combination of instit…
SDCL § 13-55E-3 Reduction of time limitations of benefits
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Notwithstanding § 13-55E-2 , benefits provided under contract may commence within a period less than seventeen years but not less than ten years from the beginning date of the first fall academic semester following the date of payment. The one - time advance payment required unde…
SDCL § 13-55E-4 Specification of payment options
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The advance payment contract shall specify one of the payment options specified under this section to be required from the purchaser on behalf of the beneficiary. The one - time advance payment shall be made in cash or cash equivalents at the time the contract is signed. The exec…
SDCL § 13-55E-5 Limitation on tuition benefits in excess of resident tuition costs
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The advance payment contract shall prohibit payment of and the executive director may not pay tuition benefit in excess of resident tuition costs if the: (1) Purchaser entered into the advance payment contract under an option specified by subdivision 13-55E-4(2); or (2) Beneficia…
SDCL § 13-55E-6 Obligations under contract--No guarantee of admission, resident status, or graduation
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The executive director shall make necessary arrangements with the appropriate institution of higher education to fulfill the obligation under the advance payment contract. An institution of higher education shall admit the beneficiary of the contract if the beneficiary otherwise …
SDCL § 13-55E-7 Nontransferability--Substitution of beneficiary
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An advance payment contract may not be sold or otherwise transferred by the purchaser or beneficiary. Subject to rules promulgated pursuant to chapter 1-26 , the purchaser may substitute another individual for the beneficiary originally named in the contract. Source: SL 1994, ch …
SDCL § 13-55E-8 Deposits of payments--State fund
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The executive director shall deposit payments received under this chapter into a fund in the state treasury and shall account for each payment required from a purchaser on behalf of a beneficiary pursuant to the advance payment contract. The fund is a participating fund pursuant …
SDCL § 13-55E-9 Expenditures from fund--Administration costs and fees
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Expenditures from the fund established under § 13-55E-8 shall be for payments to institutions of higher education on behalf of beneficiaries, payments of refunds and direct payment of benefits in accordance with § 13-55E-10 and for costs of administering this chapter. Administrat…