Title 12, Chapter 5, Section 577
(a) Prior to July 1 each year, the officers of the board shall
submit to the district for adoption a preliminary budget required
for the operation of the district during the ensuing calendar year,
which shall also be the fiscal year.
(b) Funding for the district operations shall be derived from the
(1) Dues paid by cities and counties within the district such that
the aggregate total of all such dues from all such cities and
counties shall be no less than $1 million annually. Such fees
shall be raised on a per capita assessment or water-usage fee
basis or based on a formula adopted and approved by the local
government members of the district; and
(2) Appropriated or contracted state funds.
(c) The district is specifically empowered to contract or otherwise
participate in and to accept grants, funds, gifts, or services from
any federal, state, or local government or its agencies or
instrumentalities and from private and civic sources and to expend
funds received therefrom under provisions as may be required and
agreed upon by the district in connection with any program or
purpose for which the district exists.
(d) All funds of the district not otherwise employed shall be
deposited from time to time to the credit of the district in such
banks, trust companies, or other depositories as the district may