The board may issue and sell enhanced 911 bonds in compliance with the Enhanced 911 Bond Act N.M. Stat. Ann. § 63-9D-12 to 63-9D-20. The board shall schedule the issuance and sale of the bonds in the most expeditious and economical manner upon a finding by the board that the division has certified that the need exists for the issuance of bonds and upon an action by the board designating the enhanced 911 fund to be the source of pledged revenues.