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The activities of the conservancy in carrying out its
responsibilities under this division shall be deemed to be consistent
with and in furtherance of Chapter 7 (commencing with Section 31300)
of Division 21.
   The conservancy may pay for its support costs associated with this
division from any funding source appropriated and available to it
which may be used to fund its support activities under that Chapter
7. However, the conservancy shall keep records of its support
expenditures associated with projects which may receive any or all of
their funding pursuant to this division and, if the authority
ultimately issues bonds for any such project, the conservancy shall
seek repayment of its support costs with respect to that project from
the authority. The authority shall reimburse the conservancy for its
necessary and reasonable support costs in developing projects which
are funded pursuant to this division.
   Nothing in this section precludes the authority from reimbursing
the conservancy for additional costs associated with its
responsibilities under this division.