(a) The authority is hereby authorized, whenever desirable by its board, to enter into contracts, agreements or other arrangements with any municipality regarding a system, any facility or any service of the authority. Any such contract or agreement may extend for any period not exceeding forty (40) years from the date thereof.
(b) Upon execution of such agreement, the governing body of each municipality shall appoint one (1) person to serve as an additional director on the board of directors of the authority, pursuant to the terms set forth in § 64-1-1203.
(c) Any utility district seeking to enter into such agreement with the authority shall have the same rights and liabilities as it would otherwise have in entering into a similar agreement with a water and wastewater treatment authority as provided by title 68, chapter 221, part 6, and as provided by the Utility District Law, compiled in title 7, chapter 82.
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