(a) (1) In this section the following words have the meanings indicated.
(2) (i) “Contracting party” means the other party to a contract made by a district under this section.
(ii) “Contracting party” includes:
1. A person;
2. A county of this State or any other state;
3. A municipal corporation of this State or any other state;
4. This State or any other state;
5. The United States;
6. Any instrumentality of this State, any other state, or the United States; and
7. Another district of this State or any other state.
(3) “Contracting party’s system” means any of the following systems owned or operated by a contracting party:
(i) A sewerage system.
(ii) A solid waste acceptance facility.
(iii) A solid waste disposal system.
(iv) A water system.
(b) If its sanitary commission approves, a district may make a contract with a contracting party:
(1) To buy services from the contracting party’s system;
(2) To use the facilities of the contracting party’s system; or
(3) To allow a contracting party or its customers to use the services or facilities of the district.
(c) Any contract made under this section:
(1) Shall require that the fees, rates, or charges collected under the contract be sufficient to pay the obligations of the contracting party; and
(2) May allow a contracting party to collect from its customers the fees, rates, or charges due under the contract.
(d) A contract made under this section is for the benefit of holders of the district’s bonds.