I would like to start a bounty but I am hesitating because I am confused as to the rules about awarding the bounty points.
From the FAQ it states: [emphasis mine]
If you do not award your bounty within 7 days (plus the grace period), the highest voted answer created after the bounty started with at least 2 upvotes will be awarded half the bounty amount. If there's no answer meeting that criteria, the bounty is not awarded to anyone.
Which implies that only new answers can be awarded bounties. Is this true?
But in this link: How does the bounty system work? There is this question: Can I award a bounty to an old answer?
Yes, you can award your bounty to any answer on the question. This makes it possible for users to reward particularly good answers with more rep than a standard upvote would provide.
So before starting this bounty, could someone please clarify. Thanks.
EDIT March 18 2014
Can I divide my bounty (in theory they're my rep points) between two or more deserving answers? I am speaking about this question. So far there isn't one outstanding answer, but I am generally satisfied with the quality of responses I have received. Some answers are more detailed than others but may contain minor inaccuracies, whilst others have kept to the point but ignored the more open-ended question. What to do?