70 : 07 : 02 : 11.01 . Obligation to inform department of changes to certification of surety. If a prospective bidder's certification of surety is rescinded or if the bonding amount stated in the certification is reduced, the prospective bidder shall notify the department of the recission or the reduction. The prospective bidder shall provide the department with written notice within five days after the prospective bidder receives notice of the recission or reduction in coverage .

Source: 49 SDR 47, effective November 21, 2022 .

General Authority: SDCL 31-5-10 .

Law Implemented: SDCL 31-5-10 , 31-5-10 .1, 31-5-10 .2, 31-5-10 .3.