ENTITLED, An Act to revise certain provisions regarding the requirement for performance securities.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 5-21-1.1 be amended to read as follows:
5-21-1.1. 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.
An Act to revise certain provisions regarding the requirement for performance securities.
I certify that the attached Act originated in the
HOUSE as Bill No. 1085
Speaker of the House
President of the Senate
Secretary of the Senate
House Bill No. 1085
File No. ____
Chapter No. ______
Received at this Executive Office this _____ day of _____________ ,
20____ at ____________ M.
for the Governor
The attached Act is hereby approved this ________ day of ______________ , A.D., 20___
STATE OF SOUTH DAKOTA,
Office of the Secretary of State
Filed ____________ , 20___
at _________ o'clock __ M.
Secretary of State
Asst. Secretary of State