§ 299-w. Federal assistance. The watershed district is designated as a "local organization" authorized to make application to the secretary of agriculture of the United States for financial assistance in installing and carrying out a district project under the provisions of said "Watershed Protection and Flood Prevention Act".

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The watershed district, as the local organization, is empowered, when authorized by resolution adopted by the board of supervisors, to enter into contracts or agreements with the secretary of agriculture for the purpose of contracting indebtedness with the federal government for any or all of the local share of the costs of such project, as provided for in the said "Watershed Protection and Flood Prevention Act" as amended, whenever such borrowing appears necessary and desirable, subject to the provisions of the local finance law.