This section applies only to the following governmental entities: a county; a municipality; a public corporation of the State; a sanitary commission or district; and a unit, public corporation, or other instrumentality of a county or a municipality. Notwithstanding any other law, a governmental entity authorized to issue bonds may issue bonds in a form that qualifies as a registered form under §§ 103 and 149 of the Internal Revenue Code or a regulation adopted under those sections. Whenever a governmental entity provides for the sale of bonds in registered form, the governmental entity may: establish procedures for the registration and transfer of the bonds; appoint any agent, including an authenticating trustee, corporate trustee, paying agent, registrar, or transfer agent; in connection with the establishment and maintenance of a central depository system for the transfer or pledge of the bonds, make agreements with: custodian banks and their nominees; or financial intermediaries and their nominees; and exercise any other power that relates to issuance of bonds in registered form.