(a)    In this section, “Act” means the federal Watershed Protection and Flood Prevention Act.
    (b)    The provisions of §§ 9–105 and 9–106 of this article apply to an act, an ordinance, or a resolution adopted by a commission county under this section.
    (c)    The governing body of a county may:
        (1)    carry out, construct, operate, and maintain any works of improvement in watershed or subwatershed areas qualifying for federal assistance under the Act for:
            (i)    flood prevention; or
            (ii)    the conservation, development, use, and disposal of water;
        (2)    satisfy the conditions for federal assistance required under the Act;
        (3)    accept federal grants and technical assistance in accordance with the Act;
        (4)    (i)    borrow federal money in accordance with the Act for works of improvement identified under item (1) of this subsection; and
            (ii)    notwithstanding any public general law or public local law, evidence the borrowing by issuing instruments that are acceptable to the United States or any of its agencies; and
        (5)    borrow money from private lending institutions and evidence the borrowing by issuing instruments in accordance with Title 19, Subtitle 2 of this article, the county charter, or local laws.