The board may authorize the executive administrator or his designee to enter into contracts with persons or political subdivisions, within available funds. Such contracts shall include:
  (1) a detailed statement of the purpose for which the money is to be used;
  (2) the total amount of money to be paid from the research and planning fund under the contract;
  (3) the time for completion; and
  (4) any other terms and conditions required by the executive administrator or agreed to by the contracting parties.

Source Note: The provisions of this §355.9 adopted to be effective October 11, 1991, 16 TexReg 5329; amended to be effective February 11, 1999, 24 TexReg 765