Statutes > South Dakota Statutes > Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS > Chapter 18B - Procurement of Public Improvements > Section 5-18B-32 - Deposit or bond submitted with proposal--Forfeiture.

Section 5-18B-32 - Deposit or bond submitted with proposal--Forfeiture.

5-18B-32. Deposit or bond submitted with proposal--Forfeiture. Any proposal, submitted pursuant to this section, shall be accompanied by a deposit or bond meeting the requirements of § 5-18B-2. The deposit or security may be forfeited if the proposal is accepted but the design-builder fails to execute the design-build contract.

Source: SL 2010, ch 31, § 71.