A. The following statutory provisions shall be applicable to the operations and governance of a district organized under this act:
1. The Oklahoma Open Meeting Act;
2. Section 24 of Title 51 of the Oklahoma Statutes pertaining to public records; and 3. The Public Competitive Bidding Act of 1974. B. The district shall also comply with any applicable review or reporting requirements of a state or federal regulatory agency as to water or sewage activities, facilities or plans.