1. A joint water utilitymay finance projects pursuant to chapter 28F. A city may finance itsshare of the cost of a project by the use of any method of financing available for city utilities,including but not limited to sections 384.23 through 384.36 and sections 384.80 through 384.94. 2. Ifa project is financed by a joint water utility, revenues derived from the project shall be deemed to be revenues of the joint water utility for all purposes including the issuance and payment of bonds secured by or payable from the revenues of the joint water utility.If a project isfinanced by member cities of a joint water utility, the revenues derived from the project shall be deemed to be revenues of the city or city utility for allpurposes including the issuance and payment of bonds secured by or payable from the revenues of the city or city utility.
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