South Dakota Codified Laws
Chapter 21 - Performance Bonds For Public Improvement Contracts
Section 5-21-1.1 - Waiver of performance security requirement on contracts under certain amount.

5-21-1.1. Waiver of performance security requirement on contracts under certain amount.
The requirement of a performance security may be waived by a public corporation if the bid submitted does not exceed the limit established pursuant to §5-18A-14 for a public improvement.

Source: SL 1968, ch 276; SL 1977, ch 51, §2; SL 1985, ch 42, §3; SL 1988, ch 56, §3; SL 2015, ch 52, §1.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 5 - Public Property, Purchases and Contracts

Chapter 21 - Performance Bonds For Public Improvement Contracts

Section 5-21-1 - Surety bond required--Obligation of prompt payment of laborers and materialmen.

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

Section 5-21-1.3 - Waiver of performance security requirement for emergency procurement.

Section 5-21-2 - Public corporation's civil liability for failure to require bond for protection of laborers and materialmen.

Section 5-21-3 - Surety bond to cover use tax liability--Amount of liability.

Section 5-21-4 - Notice of surety bond to secretary of revenue--Termination of surety's liability for use and excise tax.

Section 5-21-5 - Laborers' and materialmen's right to intervene in action against public contractor--Pro rata distribution if surety's liability insufficient.

Section 5-21-6 - Action by laborer or materialman on public contractor's bond--Limitation of action--Intervention by other claimants--Costs.

Section 5-21-7 - Pro rata distribution among claimants if bond insufficient--Surety relieved from liability by payment into court.

Section 5-21-8 - Personal and public notice to creditors of action on public contractor's bond.