There is a newer version of the South Dakota Codified Laws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-36 Performance and payment bond or approved security.
SD Codified L § 5-18A-36 (through 2011) What's This?
5-18A-36. Performance and payment bond or approved security. For any public improvement contract, a performance and payment bond is required pursuant to chapter 5-21. For any other contract, a purchasing agency may require a bond or an approved security to be provided by the successful offeror or bidder as a guarantee of faithful performance of the contract. In any case, the bond or approved security of the successful offeror or bidder shall be returned upon satisfactory completion of the contract.
Source: SL 2010, ch 31, § 39.
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