To effect the issuance of bonds, the State Budget and Control Board shall adopt a resolution providing for the issuance of bonds pursuant to the provisions of this chapter. The authorizing resolution must include:
- (1) a statement of whether the bonds are being authorized and issued pursuant to Section 11-41-50(A) or Section 11-41-50(B);
- (2) a schedule showing the aggregate of bonds issued, the annual principal payments required to retire the bonds, and the interest on the bonds;
- (3) the amount of bonds proposed to be issued;
- (4) a schedule showing future annual principal requirements and estimated annual interest requirements on the bonds to be issued; and
- (5) certificates evidencing that the provisions of Sections 11-41-50 and 11-41-60 have been or will be met.