Texas Water Code

§ 49.199 — POLICIES AND AUDITS OF DISTRICTS

WA § 49.199Title 4. GENERAL LAW DISTRICTS · Ch. 49. PROVISIONS APPLICABLE TO ALL DISTRICTS · Art. G. AUDIT OF DISTRICTS

Statute text

(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;

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Legislative history

Added by Acts 1995, 74th Leg., ch. 715, Sec. 2, eff. Sept. 1, 1995.