§ 52-08-10 — Preparation of business plan - Revolving loans

Subject to state board of higher education policies, the president of an institution of higher
education that is assigned primary responsibility for workforce training shall prepare an annual
business plan that must include provisions for use of the training capacity of the tribal colleges
within the designated region, in consultation with the workforce training board. The business
plan may include participation as a community under the new jobs training program under
chapter 52-02.1. The workforce training board shall approve the business plan and make
recommendations for funding of the business plan to the state board of higher education. Any
state funds received under this program by the institutions of higher education assigned primary
responsibility for workforce training must be used for business and customized training

activities. The state board of higher education may establish for each institution of higher
education assigned primary responsibility for workforce training a revolving loan fund for
workforce training program startups using the borrowing authority provided in section
15-10-16.1.