For the purpose of constructing, financing, maintaining, using, or operating a watershed project, a county or municipality may enter into a contract, including an obligation of repayment under applicable federal public works and economic development programs under 42 U.S.C. §§ 3161 and 3162, with: (1) the United States or a federal agency; (2) a public drainage association; (3) a public watershed association; or (4) any person or other governmental entity.
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