Texas § 36.061 POLICIES.

Texas Statutes

§ 36.061 — POLICIES.

Texas § 36.061

Code WAWater Code

This text of Texas § 36.061 (POLICIES.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Water Code Code Ann. § 36.061 (2026).

Text

Sec. 36.061. POLICIES.

(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 managem

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Sec. 36.061. POLICIES. (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.

Legislative 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.