21.291.15 96th Legislative Session 400
Introduced by: The Committee on Local Government at the request of the Bureau of Administration
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
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.
Catchlines are not law. (§ 2-16-13.1) Underscores indicate new language.
indicate deleted language.