The six South Dakota public universities have increased non-state revenues substantially in the past year. The Board of Regents received this report at its regular business meeting on the campus of South Dakota School of Mines and Technology. The Regents also approved targets for the raising of non-state resources for the next fiscal year. The Regents received performance data for fiscal year 2000, which ended on June 30.
Scholarship funds provide direct non-obligation aid to students.
Grants and contracts provide resources for faculty to work outside the classroom and carry out public service. Some grants and contracts create opportunities for undergraduate and graduate students to participate in faculty research. In December 1997 the Regents adopted a new framework for the distribution of revenues to the state universities. The framework assures each university a base budget. It also requires that each university meet certain performance targets established by the Regents.