(A) If the tax commissioner determines that funds are not otherwise available for the purpose, the taxing authority of a subdivision having general property taxing power may issue general obligation securities in case of any of the following:

1. (1) An epidemic or threatened epidemic, or during an unusual prevalence of a dangerous communicable disease, to defray those expenses that the board of health having jurisdiction within the subdivision considers necessary to prevent the spread of the epidemic or disease;
2. (2) The destruction of an essential permanent improvement by fire, flood, or extraordinary catastrophe, to provide temporary necessary facilities in place of that permanent improvement;
3. (3) A special election called after the adoption of the annual appropriation measure, to pay the costs of that election payable by the subdivision;
4. (4) Within a quarantined area, the outbreak or infestation of the pest for which the quarantined area was established, to defray those expenses that the subdivision considers necessary to combat the pest, including removal or complete destruction of plants that are dead or dying from the pest.

(C) As used in this section:

1. (1) "Pest" has the same meaning as in section 927.51 of the Revised Code.
2. (2) "Quarantined area" has the same meaning as in section 927.39 of the Revise Code.