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Thank you for your question. I look forward to working with you to provide you the information you are seeking for educational purposes only.
The TX law that created the LCRA authorizes the LCRA to develop a lake water management plan. This plan sets the minimum levels that are required for the lakes and can be found at http://www.ce.utexas.edu/prof/maidment/grad/kaough/webpage/public_html/term385/385rep2.html
The plan is for ALL lakes not just Buchanan Lake and the minimum levels may have changed since this plan, but there are minimum levels set in their management plans.
Thank you for your reply. I was not aware of what you were aware of, since you did not mention it.
There is nothing in the state law though that sets the levels. The TX law just gives LCRA the authority to determine what the minimum levels should be, so the law is LCRA sets the minimums, and to answer your question posed, there is nothing in the TX law other than that.