(a) The board shall formulate a plan to control and prevent subsidence in the district.
(b) The plan must:
(1) reduce groundwater withdrawals to amounts that will restore and maintain sufficient artesian pressure to control and prevent subsidence; and
(2) specify in as much detail as practicable the acts, procedures, performance, and avoidance that are necessary to accomplish the purpose of this chapter.

(c) Information gathered for formulating the plan must include:
(1) a list of all wells in the district that are subject to regulation under this chapter;
(2) a list of all available sources of water, other than groundwater, in the district;
(3) the purposes for which the water described by Subdivision (2) is used and for which it is proposed to be used;
(4) accurate estimates of:
(A) groundwater withdrawal from all wells or proposed wells in the district;
(B) the amount of groundwater that may be withdrawn from each area in the district without causing a reduction of artesian pressure that will lead to subsidence in the district; and
(C) current and future water needs in the district;
(5) information relating to formulating a permit system; and
(6) other information and material necessary to manage groundwater in the district and to effectively and expeditiously accomplish the purpose of this chapter.