(a) It is the intent and purpose of this section and § 25-20-103 to permit any two (2) or more water districts created under this chapter to jointly and cooperatively undertake and carry out any purpose or project which a single water district created under this chapter is authorized to undertake and carry out. It is further the intent that any agreement entered into by two (2) or more water districts pursuant to the authority granted in this section to undertake a joint or cooperative project shall, so far as practical, be entered into in conformity with the requirements and provisions of the Interlocal Cooperation Act, § 25-20-101 et seq.
(b) Any two (2) or more water districts created under this chapter are authorized to enter into an agreement or agreements for the joint or cooperative exercise of any power or authority or for the undertaking of any project which a single water district created under this chapter could exercise or undertake.
(c) Any agreement or agreements between two (2) or more water districts pursuant to the authority granted in this section and § 25-20-103 shall, so far as practicable, be entered into in accordance with the provisions of the Interlocal Cooperation Act, § 25-20-101 et seq. Any power or authority exercised or any project undertaken jointly or cooperatively by the agreeing water districts pursuant to the agreement shall be exercised, undertaken, and consummated in accordance with the provisions of this chapter.