The Authority may at any time elect to lease some or all of its facilities to the Township and may, by agreement with the Township, delegate back to the Township any rights, privileges, duties or obligations as may be set forth in this Part
2. In such event, or in the event that the Authority and the Township may agree, in all or any portion of this Part
2 where the word "Authority" may appear, the word "Township" may be substituted with the same force and effect as if it was therein written ab initio. If at any time the word "Township" may appear in this Part
2 and the Authority agrees, the word "Authority" may be substituted for the word "Township" in such section with the same force and effect as if it was therein written ab initio.