(a) The district may contract with a municipality or others to supply water services to them.
(b) The district may contract with a municipality for the rental or leasing of or for the operation of the municipality's water production, water supply, water filtration, or purification and water supply facilities.
(c) A contract entered into under this section may:
(1) be on the terms, for the consideration, and for the time agreed to by the parties; and
(2) provide that the contract will continue in effect until bonds specified in the contract and any refunding bonds issued in lieu of the bonds are paid.