If the board considers the terms appropriate and favorable to the district, the district may:
(1) use the water from a reuse project; or
(2) sell or otherwise provide the water to:
(A) a homeowners' or property owners' association located in the district; or
(B) with the prior consent of a municipality described by Section 7808.154(1), any person located in the extraterritorial jurisdiction of that municipality, including a political subdivision, private entity, and individual.