(a) Municipal utilities and public service districts have the power and authority to enter into community infrastructure investment agreements with any person for the purpose of constructing new project facilities or substantially improving or expanding project facilities.
(b) Notwithstanding any other provision in this code to the contrary, the Secretary shall have the power and the authority to review and approve all such community infrastructure investment agreements pursuant to this article.
(c) Each such agreement shall contain as a minimum the following terms and conditions to be performed by the parties thereto:
(1) The project facilities shall be engineered and constructed in accordance with the requirements for new construction established by the municipal utility or public service district;