§ 8-207. Simultaneous issues

MD State Fin & Pro Code § 8-207 (2019) (N/A)
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(a)    This section does not apply to bonds issued under an enabling act that specifically states that this section does not apply.

(b)    Whenever a State unit simultaneously issues bonds authorized under 2 or more enabling acts, the State unit may allow submission of a bid that:

(1)    is for bonds authorized under 1 enabling act; and

(2)    is conditioned on the acceptance of 1 or more companion bids for bonds authorized under 1 or more of the other enabling acts.

(c)    Whenever, as a whole, a set of bids under subsection (b) of this section yields to the State unit more than individual bids, the State unit shall accept the set even if 1 or more of the bids in the set yields less than the individual bids.