Creation of regional districts - Issuance of bonds - Governmental entities of which comprised. Regional Districts may be created pursuant to the provisions of this act, to assist in financing economic development projects which have a substantial regional economic impact, by allowing municipalities and counties comprising such districts to issue bonds in accordance with Section 35 of Article X of the Oklahoma Constitution. Such districts may be comprised of:
1. Two or more municipalities;
2. Two or more counties; or 3. One or more municipalities and one or more counties.