Section 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".
    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.