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State of South Dakota
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NINETY-FOURTH SESSION LEGISLATIVE ASSEMBLY, 2019 |
| 400B0313 | HOUSE BILL NO. 1021 |
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Introduced by: The Committee on Commerce and Energy at the request of the Bureau of
Administration
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FOR AN ACT ENTITLED, An Act to revise certain provisions regarding bid bonds for public
improvement contracts.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 5-18B-9 be amended to read:
5-18B-9. No bidder on a public improvement contract may be required, either in the invitation for bids or otherwise, to leave a certified check or cashier's check, or bid bond, posted for a longer period thanthat allowed by in § 5-18A-5 if the bid is not accepted. The check or bid
bond of the successful bidder shall be returned upon the execution of the contract and surety
hereafter provided for. The checks or bid bonds of all unsuccessful bidders shall be, by the
purchasing agency, immediately returned to the respective makers thereof and not and the bid
bonds of all unsuccessful bidders shall be, by the purchasing agency, immediately destroyed.
No more than forty-five days shall may elapse between the opening of the bids and either the
acceptance of the bid of the lowest responsible bidder or the rejection of all of the bids
presented.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 5-18B-9 be amended to read:
5-18B-9. No bidder on a public improvement contract may be required, either in the invitation for bids or otherwise, to leave a certified check or cashier's check, or bid bond, posted for a longer period than
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100 copies were printed on recycled paper by the South Dakota Legislative Research Council at a cost of $.167 per page. |
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Insertions into existing statutes are indicated by underscores. Deletions from existing statutes are indicated by |
