1. (a) This section does not apply to bonds issued under an enabling act that specifically states that this section does not apply.

2. (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. (1) is for bonds authorized under 1 enabling act; and
   2. (2) is conditioned on the acceptance of 1 or more companion bids for bonds authorized under 1 or more of the other enabling acts.
3. (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.

Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985.

Formerly Art. 31, § 2.