3 take aways. Mosbacher Institute. TAMU. Groundwater Regulations.
- Current regulations are confusing. There should be some regulation. But not this. A property rights based system would be better.
- 4 options for groundwater regulation:
- Maintaining the existing GCD structure but changing the regulatory process;
- Replacing the GCDs with aquifer-based regulatory authorities;
- Replacing the GCDs with a statewide groundwater agency; or
- Creating groundwater bank accounts.
- Free market principles should prevail. The current regulatory structure under values ground water rights.
Mosbacher Institute at Texas A&M | Phantom Capital | How Regulation Weakens Texas Groundwater Resources