South Dakota § 5-18A-36 Performance and payment bond or approved security.

South Dakota Statutes

§ 5-18A-36 — Performance and payment bond or approved security.

South Dakota § 5-18A-36

Title 5PUBLIC PROPERTY, PURCHASES AND CONTRACTS

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

This text of South Dakota § 5-18A-36 (Performance and payment 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-36 (2026).

Text

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.

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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.