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Home » US Law » 2022 South Dakota Codified Laws » Title 13 - Education » Chapter 56 - Higher Education Loan Guaranty Program

Section 13-56-2 – Administration of past agreements of Board of Regents.

13-56-2. Administration of past agreements of Board of Regents. Any agreements entered into by the Board of Regents under the authority of this chapter shall be administered by the secretary of the Department of Education and the secretary may terminate the agreements. Source: SL 1966, ch 210, §3; SL 1978, ch 130, §2; SL 2003, […]

Section 13-56-3 – Acceptance of federal and other funds–Administration of federal program.

13-56-3. Acceptance of federal and other funds–Administration of federal program. In accordance with chapter 4-8B and §5-24-12, the secretary of the Department of Education may negotiate and accept federal and other funds appropriated and otherwise made available to implement and administer the provisions of the federally insured student loan program for higher education. Source: SL […]

Section 13-56-4 – Power of minor to contract for student loan.

13-56-4. Power of minor to contract for student loan. Any person otherwise qualified for a loan under the provisions of this chapter, shall not be disqualified by reason of his being a minor but shall be deemed to have full legal capacity to act and shall have all the rights, powers, privileges, and obligations of […]

Section 13-56-5 – Public credit not pledged for student loan program.

13-56-5. Public credit not pledged for student loan program. 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.

Section 13-56-6 – Records, accounting, and reports–Rules and regulations.

13-56-6. Records, accounting, and reports–Rules and regulations. The secretary of education shall establish and maintain the records that are necessary and required by good accounting practices and shall require an annual and other reports from the contracting nonprofit private institutions and organizations as the secretary deems necessary. The secretary may pass rules pursuant to chapter […]