WATER AND SEWER SYSTEMS.

The district may:

(1) acquire an existing water system that serves all or part of the district territory; or

(2) enter into a contract with the owner of a system described by Subdivision (1) under which the owner agrees:

(A) to operate and maintain all or part of the district's facilities;

(B) to provide billing for utility service supplied by district facilities;

(C) not to provide water service to a customer who is subject to the sanitary sewer service supplied by district facilities but who has not paid for that sewer service; and

(D) to any other agreement required to assure adequate maintenance of district facilities and provide money to pay district obligations.