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<section article="glg" article_name="Local Government" number="22-107" title_number="22" title_name="Resilience Infrastructure" subtitle_number="1">
  <level label="a">
    <text>For each issue of its bonds, a Resilience Authority shall adopt a resolution that:</text>
    <level label="1">
      <text>specifies and describes the resilience infrastructure;</text>
    </level>
    <level label="2">
      <text>generally describes the public purpose to be served and the financing transaction;</text>
    </level>
    <level label="3">
      <text>specifies the maximum principal amount of the bonds that may be issued; and</text>
    </level>
    <level label="4">
      <text>imposes terms or conditions on the issuance and sale of bonds it considers appropriate.</text>
    </level>
  </level>
  <level label="b">
    <text>A Resilience Authority, by resolution, may:</text>
    <level label="1">
      <text>specify, determine, prescribe, and approve matters, documents, and procedures that relate to the authorization, sale, security, issuance, delivery, and payment of and for the bonds;</text>
    </level>
    <level label="2">
      <text>create security for the bonds;</text>
    </level>
    <level label="3">
      <text>provide for the administration of bond issues through trust or other agreements with a bank or trust company that cover a countersignature on a bond, the delivery of a bond, or the security for a bond; and</text>
    </level>
    <level label="4">
      <text>take other action it considers appropriate concerning the bonds.</text>
    </level>
  </level>
</section>
