(a) The authority may contract with municipalities and others for supplying services to them.(b) The authority may contract with any municipality for the rental, lease, or operation of the water production, water supply, and water supply facilities of the authority for the consideration agreed to by the authority and the municipality.(c) The authority may contract with any municipality for the rental, lease, or operation of the water production, water supply, and water supply facilities or sanitary sewer system of the municipality for the consideration agreed to by the authority and the municipality.(d) A contract under this section:(1) may be on the terms and for the period to which the parties agree; and(2) may provide that the contract continues in effect until the bonds specified by the contract and refunding bonds issued in place of those bonds are paid. Acts 2003, 78th Leg., ch. 1277, Sec. 1, eff. April 1, 2005.