Sec. 38. At the public hearing and before bids for construction of the project are invited, the governing body shall adopt a resolution that specifies the following:

(1) The educational purpose the building will serve.

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(2) The estimated cost of construction, including the cost of land.

(3) Any other pertinent information, including the estimated impact on the tax rate and the proposed sources of funding.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-52-3.]

As added by P.L.1-2005, SEC.10.