Section 38:3323 - Corporate status; domicileA. The district shall constitute a body corporate in law and shall be a political subdivision of the state. The district may incur debt and contractual obligations in accordance with law, sue and be sued, purchase and sell property, have a corporate seal, and do and perform any and all acts in its corporate capacity and in its corporate name which are necessary and proper for carrying out the purposes and objects for which it is created.B. The district shall be domiciled and shall establish an office for the transaction of its business operations at a location within Lafayette Parish and central to the boundaries of the district.C. The district may own, operate, and maintain a regional sensor network to inform water management practices.D. The district shall recognize the Louisiana Watershed Flood Center at the University of Louisiana at Lafayette as a center of excellence for watershed management for the purposes of serving as a community resource and authority on research-based data including but not limited to hydraulic and hydrologic data, watershed models, and innovative watershed practices.E. The district shall be the primary and official repository for all data and models developed for Hydrologic Unit Subbasins 08080101, 08080102, 08080103, 08080201, and 08080202. By entering into a cooperative endeavor agreement with the state, the district shall be recognized as the primary entity responsible for and charged with operating, managing, and maintaining the Louisiana Watershed Initiative Region 5 hydrologic and hydraulic models and any derivative work therein.F. The district shall be audited pursuant to R.S. 24:513.Added by Acts 2023, No. 323,s. 1, eff. 8/1/2023.