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.
Signed March 8, 2021
