(A) Exempted. The governing board of a unit of this municipality shall be exempted from the provisions of SDCL Chapters 5-18C, 5-18A, 5-18B, and 5-18D if it is able to purchase supplies at a substantial savings at a public sale or auction.
(B) Performance bond waived. Any performance bond required by SDCL § 5-21-1 may be waived on items purchased for less than $10,000 at a public sale or auction.
(C) Competitive quotes. The governing board shall contact and attempt to obtain competitive quotations from at least three suppliers of identical or similar supplies. The board may authorize an agent to attend a sale or auction and expend an amount not in excess of 80% of the average of the quotations received.
(D) Records retained. A record of the names of the suppliers, the quotations received, and the procurement procedures used in purchasing shall be documented, noted in the minutes, and retained on file by the governing board.
(SDCL § 5-18C-3)