(a) In this section, “center” means the Sustainable Water Supply Research Center.
(b) The board may establish and operate the Sustainable Water Supply Research Center as part of The University of Texas at Arlington.

(c) If established, the center shall:
(1) conduct, sponsor, or direct multidisciplinary research directed toward:
(A) promoting water conservation through development of a sustainable water supply for this state; and
(B) mitigating the effect of diminishing water supplies on the economy and people of this state; and
(2) conduct a comprehensive, interdisciplinary instructional program in water conservation with emphasis on development of a sustainable water supply at the graduate level and offer undergraduate courses for students interested in water conservation and sustainable water supply development.
(d) The organization, control, and management of the center are vested in the board.
(e) The center may enter into an agreement or may cooperate with a public or private entity to perform the research functions of the center.
(f) The board may solicit, accept, and administer gifts and grants from any public or private source for the use and benefit of the center.