(b) Bonds issued under this section may be issued solely for the purpose of financing:
(A) Capital construction or capital improvements within the meaning of Article XI, section 11, of the Oregon Constitution;
(B) Capital construction or improvements within the meaning of Article XI, section 11b, of the Oregon Constitution; or
(C) Capital costs within the meaning of Article XI, section 11L, of the Oregon Constitution.
(2) All general obligation bonds, including refunding bonds, issued under this section shall be issued as prescribed in ORS chapter 287A. [2019 c.621 §20]