13-13-85. Transfer of funds for jump start scholarships.
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/sd/title-13/chapter-13-13/13-13-85A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The secretary of the Department of Education shall transfer on a noncash basis to the executive director of the Board of Regents the amount of state aid to education funds necessary to award jump start scholarships pursuant to §§ 13-55-47 to 13-55-51 , inclusive, to all students admitted into the scholarship program for that fiscal year. One-half of the necessary amount shall be transferred by October fifteenth for distribution for the first semester, and one-half of the necessary amount shall be transferred by March fifteenth for distribution for the second semester.