(1) The governing body of any local political subdivision that wishes to issue bonds under the authority granted in Section 11-14-103 shall, at least 75 days before the date of election:

1. (a) approve a resolution submitting the question of the issuance of the bonds to the voters of the local political subdivision; and

2. (b) provide a copy of the resolution to:

   1. (i) the lieutenant governor; and
   2. (ii) the election officer, as defined in Section 20A-1-102, charged with conducting the election.

(3) Nothing in this section requires an election for the issuance of:

1. (a) refunding bonds; or
2. (b) other bonds not required by law to be voted on at an election.