South Dakota § 13-55E-2 Advance payment contract--Time limitations of benefits.

South Dakota Statutes

§ 13-55E-2 — Advance payment contract--Time limitations of benefits.

South Dakota § 13-55E-2

Title 13EDUCATION

Ch. 13-55EADVANCE PAYMENT OF HIGHER EDUCATION COSTS

This text of South Dakota § 13-55E-2 (Advance payment contract--Time limitations of benefits.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 13-55E-2 (2026).

Text

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 institutions of higher education, without further tuition, room and board, or tuition only costs to the beneficiary, subject to determination of residency status by the appropriate institution of higher education. Except as provided in § 13-55E-3 , benefits provided under contract shall begin not less than seventeen years from the beginning date of the first fall academic semester following the date of payment.

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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 institutions of higher education, without further tuition, room and board, or tuition only costs to the beneficiary, subject to determination of residency status by the appropriate institution of higher education. Except as provided in § 13-55E-3 , benefits provided under contract shall begin not less than seventeen years from the beginning date of the first fall academic semester following the date of payment.