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Section 8-207 - Simultaneous Issues — Maryland Law | CourtGPT
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  9. Section 8-207 - Simultaneous Issues
Maryland Legal Code

Section 8-207 - Simultaneous Issues

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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.