The financial assistance made available under the Arkansas Natural Resources Commission's Water Resources Development General Obligation Bond Program may be obtained for an eligible project by any duly constituted and existing political subdivision of the state, including but not limited to counties, cities, towns, and municipalities, and by any duly constituted special purpose improvement district, rural development authority, public facilities board, irrigation district, or regional water distribution district, and by any duly qualified and existing public trust or authority, or rural waterworks facilities boards, individually or as agent, representative, or instrumentality of any political subdivision or other eligible entity described above.