24 : 59 : 05 : 04 . Allocation of funds. The executive director shall distribute salary support funds to the postsecondary technical colleges as follows:

1. (1) Twenty-five percent of the total salary support fund allocation must be distributed equally among the four colleges as a baseline for technical college instructor salaries and benefits; and

2. (2) Seventy-five percent of the total salary support fund allocation must be distributed within three program categories: high cost-low density programs, high cost programs, and standard cost programs.

   For purposes of the distribution under this section, the executive director shall follow the same full-time equivalent student calculations, program weight factor classifications, and weighted per student values as set forth in § 24:59:02:03. The executive director shall distribute funds by determining each program's full-time equivalent students, multiplied by the weighted program factor, multiplied by the weighted per student value.

Source: 43 SDR 9, effective August 4, 2016; 43 SDR 176, effective July 3, 2017 ; Re adopt ed from § 24:10:49:04 , 44 SDR 184, effective June 25, 2018; 48 SDR 61, effective December 9, 2021; 48 SDR 61, effective July 1, 2022 .

General Authority: SDCL 13-39A-18 .

Law Implemented: SDCL 13-39A-14 , 13-39A-18 , 13-39A-21 .

Prior versions effective: 2021-12-09, 2018-06-25.