A. When it is determined to let the work of a master conservancy district by contract, contracts in amounts to exceed Fifty Thousand Dollars ($50,000.00) shall be advertised after notices calling for bids have been published once a week, for three (3) consecutive weeks completed on date of last publication, which shall not be less than fourteen (14) days from the first publication, in at least one newspaper in each county, where any part of the work under terms of the contract is to be performed. The board may let the contract to the lowest and best bidder, who shall give a good and approved bond, with ample security, equal in amount to the total of the bid, conditioned on the carrying out of the contract to completion, and shall file the bond and contract with the secretary of the district in amount and conditions as provided by law, conditioned on the carrying out of the contract. The contract shall be in writing and shall be approved by the board of directors and signed by the president of the board and by the contractor. In the case of sudden emergency when it is necessary in order to protect the district or when the board determines that the contract must be implemented by a sole source or in any situation in which the Public Competitive Bidding Act of 1974 would allow a state agency to do so, the advertising of contracts may be waived.

B. The board of directors of any conservancy district may adopt rules establishing a district competitive bidding process not in conflict with the provisions of this section.

Added by Laws 1923-24, c. 139, p. 171, § 17. Amended by Laws 1927, c. 70, p. 96, § 9, emerg. eff. March 23, 1927; Laws 1963, c. 271, § 5, emerg. eff. June 13, 1963; Laws 1992, c. 133, § 2, eff. July 1, 1992; Laws 2008, c. 93, § 1, eff. Nov. 1, 2008; Laws 2010, c. 175, § 3, emerg. eff. April 26, 2010.