Deposit and performance bond by supply and equipment bidders--Rejection of bids

If 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 5-18A and 5-21 . The board may accept an annual bond if the bid meets the requirements of chapters 5-18A and 5-21 . The board may 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; SL 2011, ch 2 , § 127.