Statutes > South Dakota Statutes > 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 less than certain amount.

Section 5-21-1.1 - Waiver of performance security requirement on contracts less than certain amount.

5-21-1.1. Waiver of performance security requirement on contracts less than certain amount. The requirement of a performance security may be waived by public corporations when the bid submitted does not exceed twenty-five thousand dollars.

Source: SL 1968, ch 276; SL 1977, ch 51, § 2; SL 1985, ch 42, § 3; SL 1988, ch 56, § 3.