Date:

Classification & Rating Committee
SD Department of Transportation
700 E Broadway
Pierre SD 57501

Gentlemen:

We understand that
(company name)
has filed with the SD Department of Transportation a Contractor’s Statement of Financial Position
dated as a requirement for becoming prequalified to bid on highway projects.
(financial statement year end)

We also understand that the Department determines maximum bidding capacity by multiplying the total of current assets less current liabilities plus eighty (80) percent of the net book value of construction equipment by a factor of ten, rounded to the nearest one thousand dollars ($1,000).

In order to permit the contractor to increase their maximum bidding capacity, we hereby
certify that we, as duly authorized officers, have been authorized by the Board of
Directors, or the Committee for approval of loans, of the
Bank of to grant
a loan in the amount of $ to the above named contractor, upon request.
We currently have loans in the amount of $ outstanding against this line of credit.

It is understood that this authorization to grant a loan is based on the customary security and loan agreements and is for use in prosecuting any highway contracts on which they may be the successful bidder. It is also understood that this authorization (check the appropriate statement):

expires 18 months from the contractor’s financial statement date.

applies only to the projects in the letting.
(month/day/year)

By__________________________________________
(President or Managing Officer)



Subscribed and sworn to me this ___________ day of _______________, _______.
(month) (year)
____________________________________________
(Notary Public)

My commission expires: ________________________


DOT-144A (Rev 05/99)