A. The board may submit any long-term water augmentation bonds issued under this article to the attorney general after all proceedings for their authorization have been completed. Within fifteen days after submission, the attorney general shall examine and pass on the validity of the long-term water augmentation bonds and the regularity of the proceedings.

B. If the proceedings comply with this article, and if the attorney general determines that, when delivered and paid for, the long-term water augmentation bonds will constitute binding and legal obligations of the authority, the attorney general shall certify on the back of each long-term water augmentation bond, in substance, that it is issued according to the constitution and laws of this state.