(a) This section applies only to a county that:
(1) is adjacent to a county with a population of four million or more;
(2) has a population of 370,000 or more; and
(3) has created a district by concurrent order with an adjacent county pursuant to Section 172.052.
(b) A county acting through the commissioners court or a local government corporation may adopt an order that authorizes the county and a navigation district located wholly or partly in the county to:
(1) develop rail facilities as a qualifying project under Chapter 2267, Government Code; and
(2) issue bonds for rail facilities secured by a pledge of the revenues of the facilities, including contract revenue, grant revenue, or other revenue collected in connection with the facilities.
(c) If each county that created a district adopts an order described by Subsection (b), the district may exercise the powers described by that subsection.