Tex. Natural Resources Code § 221.046
MITIGATION BANK FINANCING
Texas · Texas Natural Resources Code · Status: effective
Cite this
- Citation
- Tex. Natural Resources Code § 221.046, MITIGATION BANK FINANCING, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/697186
- Permanent ID
ys:prov:697186@1- SHA-256
a556fae05d8abcba011792a5cce53273d63e487c9e31f4e2e7e9f470d7c3b2c9
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(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.