{"data":{"id":"us-tx/tex.-natural-resources-code-221.046","jurisdiction":"us-tx","citation":"Tex. Natural Resources Code § 221.046","heading":"MITIGATION BANK FINANCING.","body":"(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.\n(b) The subdivision may issue a bond, note, or obligation:\n(1) in one or more series; and\n(2) payable from and secured by:\n(A) a tax;\n(B) an assessment;\n(C) an impact fee;\n(D) revenue;\n(E) a grant or gift;\n(F) a lease or contract; or\n(G) a combination of resources listed in Paragraphs (A)-(F).\n(c) In this section, \"mitigation project participant\" means an eligible political subdivision that seeks to:\n(1) implement a project the unavoidable result of which would adversely affect wetland; and\n(2) compensate for the loss of wetland acreage or wetland habitat value through participation in a mitigation bank.\nAdded by Acts 1997, 75th Leg., ch. 165, Sec. 24.01(a), eff. Sept. 1, 1997.","path":["NATURAL RESOURCES CODE","TITLE 12. WETLANDS","CHAPTER 221. WETLAND MITIGATION","SUBCHAPTER C. PROVISIONS FOR POLITICAL SUBDIVISIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/NR/htm/NR.221.htm#221.046","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:28Z","sha256":"d5afaa2cdc1d9d86f10ace35d298d542a6505fdf9ad5a906a6445d765c27ec79","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-natural-resources-code-221.045","next":"us-tx/tex.-natural-resources-code-221.047"},"notice":"GroundRules: Original legal text. Not legal advice."}