Section 13-20-7 - Deposit and performance bond required of supply and equipment bidders--Right to reject bids. - South Dakota Statutes

13-20-7. Deposit and performance bond required of supply and equipment bidders--Right to reject bids. When supplies or equipment are to be purchased, a school board advertising pursuant to § 13-20-3 may require a reasonable deposit guaranteeing the execution of contract and the furnishing of a performance bond by the successful bidder in accordance with chapters 5-18 and 5-21. The board may accept an annual bond provided that it meets the requirements of chapters 5-18 and 5-21. The board shall reserve the right to reject any and all bids.

Source: SDC 1939, § 15.2106; SL 1955, ch 41, ch 11, § 9; SL 1959, ch 68, § 1; SDC Supp 1960, § 15.2109; SL 1964, ch 39; SL 1979, ch 36, § 4.