An Act to revise certain provisions regarding checks or bid bonds for public improvements.

Be it enacted by the Legislature of the State of South Dakota:

Section 1. That § 5-18B-3 be AMENDED.

5-18B-3. Check or bid bond requirement--Waiver.

Notwithstanding the provisions of § 5-18B-2, the requirement of a bid bond, certified or cashier's check, cash, or other security may be waived by the purchasing agency if the bid submitted does not exceed fifty thousand dollars the limit established pursuant to § 5-18A-14 for a public improvement.