Home/South Dakota/Statutes/Title 11: PLANNING, ZONING AND HOUSING PROGRAMS/Ch. 11-8: SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY/§ 11-11-155
South Dakota Statutes

§ 11-11-155 — Surety bonds and other assurances of payment and performance.

South Dakota·Title 11 PLANNING, ZONING AND HOUSING PROGRAMS·Ch. 11-8 SOUTH DAKOTA HOUSING DEVELOPMENT AUTHORITY
If the authority is providing mortgage financing, the authority shall require the housing sponsor receiving a loan or its contractor to post surety bonds or other assurances of payment of labor and materials, and construction performance in such amounts as the authority may deem necessary and to execute such other assurances and guarantees as the authority may deem necessary.

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South Dakota § 11-11-155 (Surety bonds and other assurances of payment and performance.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1973, ch 180, § 19 (6); SDCL Supp, § 28-19-133; SL 1995, ch 80, § 23; SL 2012, ch 78, § 98.

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