§ 8-207

Maryland § 8-207

• Jurisdiction: Maryland
• Article gsf: State Finance and Procurement
• Title: 8

Text

(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.