Statutes, codes, and regulations
South Dakota Codified Laws
Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Chapter 21 - PERFORMANCE BONDS FOR PUBLIC IMPROVEMENT CONTRACTS
Section 5-21-1.1 - Waiver of performance security requirement on contracts under certain amount

S.D. Codified Laws § 5-21-1.1

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Current through the 2024 Legislative Session
Section 5-21-1.1 - Waiver of performance security requirement on contracts under certain amount

The requirement of a performance security may be waived by a public corporation if the bid submitted does not exceed the limit established pursuant to § 5-18A-14 for a public improvement.

SDCL 5-21-1.1

SL 1968, ch 276; SL 1977, ch 51, § 2; SL 1985, ch 42, § 3; SL 1988, ch 56, § 3; SL 2015, ch 52, § 1.
Amended by S.L. 2015, ch. 52,s. 1, eff. 7/1/2015.