PIERRE | State government’s Board of Regents will decide next week how to spread money among South Dakota’s public universities for maintenance and repair projects, including more than $16 million from an earmarked portion of tuition.
Known as HEFF — the acronym for higher education facilities fund — the regents’ policy dedicates 11.5 percent of all tuition collected for the purposes of maintenance and repair, long-term indebtedness for capital improvements and new construction.
The proposal that is before the regents calls for partially tapping HEFF again to continue repaying a bond issue from six years ago for projects at four state universities.
Those fiscal 2018 payments on 2011 debt include: South Dakota State University at Brookings, $522,283; University of South Dakota at Vermillion, $428,777; Northern State University at Aberdeen, $135,377; and Black Hills State University at Spearfish, $108,014.
Starting Tuesday, the regents spend three days in the week ahead at Northern State University.
Among the six traditional campuses, Dakota State University at Madison is slated to receive the smallest portion of HEFF at $744,955.
Next are Black Hills State $1,317,389; Northern State $1,452,270; and South Dakota School of Mines & Technology in Rapid City $1,459,605. The University of South Dakota would receive $4,514,090 and South Dakota State $6,027,220.
The amounts are calculated on academic square footage and replacement value. The 2011 bond payments for the four campuses and a 5 percent planning and design charge for all are subtracted from the total amounts.
The Sanford school of medicine and the university centers at Sioux Falls and Rapid City receive the remainder from HEFF. The university centers aren’t eligible for general fund support from the Legislature. Lawmakers designated nearly $7.8 million in maintenance and repair aid for the six traditional campuses and the medical school in the fiscal 2018 state budget.
Those amounts are Dakota State $369,358; Black Hills State $653,354; Northern State $720,037; School of Mines $723,791; University of South Dakota $2,239,098; and South Dakota State $2,988,818. The medical school gets $105,489.