The authority may establish and alter rates and charges, and collect rents, fees and
charges for water sold from, and for the use of services of any water system project
and contract in the manner provided in this section with one or more persons, one
or more governmental entities, or any combination thereof, receiving the use or services
of any project, and fix the terms, conditions, rents, rates, fees and charges for
such use or services.
The contract may provide for acquisition by such person or governmental agency of
all or any part of the project for such consideration payable over the period of the
contract or otherwise as the authority in its discretion determines to be appropriate,
but subject to the provisions of any resolution of the authority authorizing the issuance
of bonds or any trust agreement securing the same. Any water supply entity which has the power to construct, operate and maintain water
management facilities may enter into a contract or lease with the authority whereby
the use or services of any project of the authority will be made available to the
entity and pay for the use or services such rents, rates, fees and charges as may
be agreed to by the authority and the entity.
Any one or more public or private entity may cooperate with the authority in the acquisition
or construction of a project and shall enter into such agreements with the authority
as are necessary, with a view to effective cooperative action and safeguarding of
the respective interests of the parties thereto, which agreements shall provide for
such contributions by the parties thereto in such proportion as may be agreed upon
and such other terms as may be mutually satisfactory to the parties including without
limitation the authorization of the construction of the project by one of the parties
acting as agent for all of the parties and the ownership and control of the project
by the authority to the extent necessary or appropriate for purposes of the issuance
of bonds by the authority. Any governmental agency may provide such contribution as is required under such
agreements by the appropriation of money or, if otherwise authorized by law to issue
bonds or levy taxes or assessments and issue bonds in anticipation of the collection
thereof, by the issuance of bonds or by the levying of taxes or assessments and the
issuance of bonds in anticipation of the collection thereof, and by the payment of
such appropriated money or the proceeds of the bonds to the authority pursuant to
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