Board approves certificate showing robust debt‑service coverage, hears defense workforce update

The South Dakota Board of Technical Education voted to adopt its annual certificate of no default on projected debt service, a formal affirmation that the system expects to meet the state’s statutory 103% debt‑service coverage requirement for the coming year. Executive Director Nick told the board the state’s legislative appropriation covers about 27% of the system’s projected debt‑service obligation — roughly $2,000,000 in the projection — with remaining coverage coming from facility fees, tuition‑subaccount balances and enrollment projections.