Statutes > South Dakota Statutes > Title 5 - PUBLIC PROPERTY, PURCHASES AND CONTRACTS > Chapter 21 - Performance Bonds for Public Improvement Contracts > Section 5-21-1.2 - Waiver of performance and payment bonds on contracts less than certain amount.

Section 5-21-1.2 - Waiver of performance and payment bonds on contracts less than certain amount.

5-21-1.2. Waiver of performance and payment bonds on contracts less than certain amount. The State of South Dakota, acting through the Bureau of Administration, shall waive the requirement of a performance and payment bond, before the bid letting, on state projects if the awarded contract does not exceed fifty thousand dollars.

Source: SL 1999, ch 27, § 1.