Chapter 36 of the Texas Water Code requires a code of ethics for District directors, officers, employees, and persons who are engaged in handling investments for the District.
Chapter 36 of the Texas Water Code requires that groundwater conservation districts adopt a policy relating to District investments that ensures that purchases and sales of investments are initiated by authorized individuals, conform to investment objectives and regulations, and are properly documented and approved; and that periodic review is made of District investments to evaluate investment performance and security. This policy shall govern the investment of all funds of the District as entrusted to the Board and other authorized representatives in accordance with Chapter 2256, Texas Government Code.
Chapter 36 of the Texas Water Code requires that groundwater conservation districts adopt a policy relating to District policies and procedures for selection, monitoring, or review and evaluation of professional services. And Government Code Chapter 2254 specifies minimum requirements for purchasing professional and consulting services. The policy linked here addresses those requirements, along with those for procuring goods and non-professional services and using purchase orders and other procurement instruments.
This policy provides an incentive credit to those production permit holders which pay an authorized groundwater use fee, for using less water on a sustained basis than they are authorized to use.