1. (a) The board shall hold a public hearing on the proposed financing of the facilities after giving public notice.

2. (b) Upon findings by the board that:

   1. (1) the proposed financing will benefit the health or welfare of the district; and

   2. (2) the proposed financing complies with the purposes and provisions of this article;

      the board shall adopt a resolution to approve the financing, including the form and terms of the financing agreement, the waste management development bonds, and the trust indenture, if any.

      [Pre-1996 Recodification Citation: 13-9.5-9-5(d), (e) part.]

As added by P.L.1-1996, SEC.11.