The proposition for each major public energy project listed upon a ballot pursuant to this chapter shall be in the form provided in this section.

(1) If the funds are intended to finance the planning or construction of all or a portion of the project, the proposition shall read substantially as follows:

"Shall    (name of applicant)    be authorized to spend    (dollar amount of financing authority requested)    to construct the    (name of the project)      (type of project)    located at    (location)   , the anticipated total construction cost of which is    (anticipated cost of construction)   ?"

(2) If the financing authority is intended to finance the acquisition of all or a portion of the project from another party, the proposition shall read substantially as follows:

"Shall    (name of applicant)    be authorized to spend    (dollar amount of financing authority requested)    to acquire the    (name of project)      (type of project)    located at    (location)   , the anticipated total acquisition cost of which is    (anticipated cost of acquisition)   ?"