Tex. Water Code § 36.061 · Subchapter C. ADMINISTRATION
POLICIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to the law governing the district, the board shall adopt the following in writing:
(1) a code of ethics for district directors, officers, employees, and persons who are engaged in handling investments for the district;
(2) a policy relating to travel expenditures;
(3) a policy relating to district investments that ensures that:
(A) purchases and sales of investments are initiated by authorized individuals, conform to investment objectives and regulations, and are properly documented and approved; and
(B) periodic review is made of district investments to evaluate investment performance and security;
(4) policies and procedures for selection, monitoring, or review and evaluation of professional services; and
(5) policies that ensure a better use of management information, including:
(A) budgets for use in planning and controlling cost; and
(B) an audit or finance committee of the board.
(b) The state auditor may audit the records of any district if the state auditor determines that the audit is necessary.
Notes and commentary — not statutory text
History
Added by Acts 1995, 74th Leg., ch. 933, Sec. 2, eff. Sept. 1, 1995. Amended by Acts 2003, 78th Leg., ch. 785, Sec. 51, eff. Sept. 1, 2003.
Amended by:
Acts 2015, 84th Leg., R.S., Ch. 415 (H.B. 2767), Sec. 5, eff. June 10, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/WA/htm/WA.36.htm
- Text hash
- sha256 f59d3fdcb01d154bc675705b17b01a512d1dc9a079ba6110309ac64062e77d9d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.