Actually, this has happened on before - and the user in question reported that he couldn't. You cannot award a bounty while suspended..
We don't typically refund bounties when a user is suspended. If a question needs to be closed, and the bounty is stopping that from happening, we will do so.
The auto 1/2You can get the "half" bounty might workamount from having posted after the question is bountied, but I'm not sure.and having at least +2 and having more upvotes than any other eligible question if any, since the bounty isn't/can't be awarded manually