There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 5 PUBLIC PROPERTY, PURCHASES AND CONTRACTS
Chapter 18A. Public Agency Procurement--General Provisions
§5-18A-35 Bond or approved security.
SD Codified L § 5-18A-35 (through 2011) What's This?
5-18A-35. Bond or approved security. In the procurement of supplies or services, a purchasing agency may require a bond or an approved security to be submitted with any bid or proposal as a guarantee that the bidder will enter into a contract with the purchasing agency. No offeror or bidder may be required to leave the bond or security posted for a longer period than thirty days if the bid or proposal is not accepted. The bond or approved security of the successful offeror or bidder shall be returned upon the signing of the contract.
Source: SL 2010, ch 31, § 38.
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