1. (a) A contract of sale of water to be filed with the executive director in accordance with §303.52(d) of this title (relating to General Filing Requirements) shall indicate all of the following:

   1. (1) the specific certificate of adjudication or other water right under which the water is being sold;
   2. (2) the specific certificate of adjudication or other water right under which the bought water is to be used;
   3. (3) the name and address of the seller and buyer;
   4. (4) the total quantity of water being purchased in acre-feet;
   5. (5) the purpose of use for which the water is to be used;
   6. (6) the cost of water to the buyer per acre-foot;
   7. (7) the diversion point to which the buyer is requesting deliveries to be made;
   8. (8) the effective date and termination date of the contract (contract period can not exceed one year);
   9. (9) the acreage to be irrigated, if applicable; and
   10. (10) the contract executed by all verified owners of the water right from which water is purchased.
2. (b) The contract will be accompanied by an aerial photograph or United States Geological Survey topographic map with the location of diversion points and areas to be irrigated described thereon.
3. (c) The executive director may require any additional information needed to approve the contract, including any agreements with diverters if the buyer is not pumping from his own diversion point and deeds of any tracts to be irrigated.

Source Note:The provisions of this §303.53 adopted to be effective July 2, 1986, 11 TexReg 2890.