A county or municipality may issue bonds to finance loans made through a program. To issue a bond, a county or municipality shall adopt an ordinance or a resolution that specifies the maximum principal amount of the bond. In the ordinance or resolution, the county or municipality may: specify the items listed in subsection (d) of this section; authorize the finance board of the county or municipality to specify those items by ordinance or resolution; or authorize the chief executive to specify those items by executive order. For each issuance of a bond, the county or municipality may specify: the principal amount; the interest rate or, for floating or variable rates of interest, the method to determine the interest rate; the manner and terms of sale, including whether by competitive or negotiated sale; the time of execution, issuance, and delivery; the form and denomination; the source, manner, times, and places to pay principal or interest; conditions for redemption before maturity; the purposes for which proceeds may be spent; the source of security; and other provisions that are necessary or desirable to effect the program.