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.
S.D. Codified Laws § 13-56-5
Public credit not pledged for student loan program
Known as the Higher Education Loan Program Guarantee Act
The act spans §§ 13–13 (9 sections).
Source: SL 1966, ch 210, § 6; SL 1978, ch 130, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.