If the State, or county, city, public service district, or other political subdivision of the State, or agency, department, institution, or other public entity of the State, enters into a procurement contract and requires the bidder to provide a surety bond to secure the bid or the performance or payment of the contract, the state political subdivision of the State, or public entity of the State may not exact that the surety bond be furnished by a particular surety company or through a particular agent or broker.
S.C. Code Ann. § 11-35-5310
Surety bonds; public entity may not designate surety company
Known as the South Carolina Consolidated Procurement Code
The act spans §§ 11–11 (143 sections).
2002 Act No. 253, SECTION 1
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.