Texas § NR.221.023 - MITIGATION BANK CONTRACTS
Full text of Texas The Texas Constitution § NR.221.023 — MITIGATION BANK CONTRACTS, with citation guidance and answers to common questions.
§ NR.221.023. MITIGATION BANK CONTRACTS
MITIGATION BANK CONTRACTS; CONTRACT PAYMENTS. (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. Added by Acts 1997, 75th Leg., ch. 165, Sec. 24.01(a), eff. Sept. 1, 1997. SUBCHAPTER C. PROVISIONS FOR POLITICAL SUBDIVISIONS
Frequently Asked Questions About Texas § NR.221.023
What does The Texas Constitution § NR.221.023 cover?
Section NR.221.023 ("MITIGATION BANK CONTRACTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § NR.221.023?
A common citation format is "The Texas Constitution § NR.221.023" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § NR.221.023 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.