Tex. Nat. Res. Code § 221.046 · Subchapter C. PROVISIONS FOR POLITICAL SUBDIVISIONS
MITIGATION BANK FINANCING.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A mitigation project participant may issue a bond, note, or other obligation to acquire land for, to pay any part of the cost of, or to acquire, construct, improve, operate, or maintain a wetland mitigation bank.
(b) The subdivision may issue a bond, note, or obligation:
(1) in one or more series; and
(2) payable from and secured by:
(A) a tax;
(B) an assessment;
(C) an impact fee;
(D) revenue;
(E) a grant or gift;
(F) a lease or contract; or
(G) a combination of resources listed in Paragraphs (A)-(F).
(c) In this section, "mitigation project participant" means an eligible political subdivision that seeks to:
(1) implement a project the unavoidable result of which would adversely affect wetland; and
(2) compensate for the loss of wetland acreage or wetland habitat value through participation in a mitigation bank.
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 8cc70da6a2f3c0fa34318255d4c1f24b8b8741ad81b903e5498eca7e7868fc07
- 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
Cited by 2 provisions
Provisions in this library whose text cites Tex. Nat. Res. Code § 221.046. Each shows the citation as that text prints it.
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.