HARRY HUGHES, Governor

1041

of the definition of the word "newspaper" in Art. 1, §
28 of the Code.

In subsection (c)(2)(ii) of this section, the
reference to the "public sale" is substituted for the
present phrase "at which proposals will be received
and opened and the bonds awarded", for brevity.

Subsection (c)(2)(xi) of this section is revised to
require that the notice state the amount of the good
faith deposit.

In subsection (e)(1) of this section, the present
reference to the State unit "offer[ing] to sell" the
bonds within 30 days after the rejection of all bids
is omitted as unnecessary, since the power to sell
implies the power to offer for sale. This omission
avoids the inconsistency that results if the 30-day
limit applies to 2 events that occur at different
times. This omission is supported by the present
restriction in the event that the bonds "are not sold
either at said public sale or at private sale within
said thirty-day limitation". The attention of the
General Assembly is called to this revision.

The former second clause of Art. 31, § 9(b), which
excluded "bonds or other securities" of the State, is
deleted as unnecessary in light of the definition of
the words "bond" and "State unit".

The Commission to Revise the Annotated Code notes, for
consideration by the General Assembly, that it may
wish to broaden subsection (e)(2) of this section so
that a State unit that fails to sell bonds at a 2nd
public sale may try again at a private sale.

Defined terms: "Bond" § 8-201

"Enabling act" § 8-201 "Includes";"including" § 1-101

"Resolution" § 8-201 "State unit" § 8-201

8-207. SIMULTANEOUS ISSUES.

(A)  SCOPE OF SECTION.

THIS SECTION DOES NOT APPLY TO BONDS ISSUED UNDER AN
ENABLING ACT THAT SPECIFICALLY STATES THAT THIS SECTION DOES NOT
APPLY.

(B)  ALL OR NONE BIDS.

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