(1) Irrigation, drainage, watershed, regional water distribution, levee, and conservation districts may participate in watershed or basin studies within their basins to assess: The water quantity or quality issues within the basin; or
(2) The impacts, feasibility, planning, and design of any proposed project within the watershed or basin that could impact the districts' facilities and operation.
(3) The study may be conducted by one (1) or more districts, with or without the assistance of the state or federal government.
(4) A district may use any operation and maintenance funds or other funds not otherwise pledged to assist with study costs.