(a) A district may be created by a lead governmental entity that, by resolution, proposes the creation of a district for specific counties and municipalities that by resolution agree to have their territory in the district.
(b) The governing body of a county or municipality may adopt a resolution under Subsection (a) on its own motion.
(c) As soon as feasible and prudent, the lead governmental entity shall provide over 50 percent of the initial assets to the district.