South Dakota § 5-18A-35 Bond or approved security.

South Dakota Statutes

§ 5-18A-35 — Bond or approved security.

South Dakota § 5-18A-35

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

Ch. 5-18PUBLIC AGENCY PROCUREMENT--GENERAL PROVISIONS

This text of South Dakota § 5-18A-35 (Bond or approved security.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 5-18A-35 (2026).

Text

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 that allowed by § 5-18A-5 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.

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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 that allowed by § 5-18A-5 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.