Tex. Nat. Res. Code § 221.023 · Subchapter B. WETLAND MITIGATION BANKING AND CONTRACTS
MITIGATION BANK CONTRACTS; CONTRACT PAYMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A state agency or eligible political subdivision may contract with another state agency or eligible political subdivision to pay jointly any part of the cost to acquire, design, construct, improve, or maintain a wetland mitigation bank or a buffer zone.
(b) Payment of the cost of a project or a payment required to be made under a contract may be made out of bond proceeds, taxes, or any other money available for the payment.
(c) If a contract provides for payment over a term of years, an eligible political subdivision may impose a tax in an amount necessary to:
(1) create a sinking fund for the contract payments; and
(2) make the payments when due.
Notes and commentary — not statutory text
History
Added by Acts 1997, 75th Leg., ch. 165, Sec. 24.01(a), eff. Sept. 1, 1997.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/NR/htm/NR.221.htm
- Text hash
- sha256 ca48d1de8a3c6c61e286879c590f381b1d36b77fdccc1ccc5be7e9e5045ba7fd
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.