13-20-7. Deposit and performance bond by supply and equipment bidders--Rejection of bids.
If supplies or equipment are to be purchased, a school board advertising pursuant to §13-20-3 may require a reasonable deposit guaranteeing the execution of contract and the furnishing of a performance bond by the successful bidder in accordance with chapters 5-18A and 5-21. The board may accept an annual bond if the bid meets the requirements of chapters 5-18A and 5-21. The board may reject any and all bids.
Source: SDC 1939, §15.2106; SL 1955, ch 41, ch 11, §9; SL 1959, ch 68, §1; SDC Supp 1960, §15.2109; SL 1964, ch 39; SL 1979, ch 36, §4; SL 2011, ch 2, §127.
Structure South Dakota Codified Laws
Chapter 20 - School District Purchases And Contracts
Section 13-20-1 - Board approval required for contracts.
Section 13-20-3 - Contracts let in accordance with public agency procurement law.
Section 13-20-5 - Purchases from another school district without advertising for bids.
Section 13-20-6 - Purchase of copyrighted material.
Section 13-20-7 - Deposit and performance bond by supply and equipment bidders--Rejection of bids.
Section 13-20-7.1 - Deposit and performance bond by school improvement bidders--Rejection of bids.