A. The district may fix and collect compensation from public or private entities which it contracts.
B. Subject to approval of the State Bond Commission, the district may incur debt and issue bonds for the purpose of constructing, acquiring, extending, or improving any facilities, or conducting activities consistent with the purpose for which it has been created. Such bonds shall be authorized and issued in accordance with the provisions of Part XIII of Chapter 4, Chapter 13, and Chapter 13-A, all of Title 39 of the Louisiana Revised Statutes of 1950, as amended. Such bond shall be issued in the name of the district and shall not be general obligations of the district, or the state, but shall be limited obligations of the district. The bonds and the income thereof shall be exempt from all taxation in the state.