Texas § NR.221.046 - MITIGATION BANK FINANCING
Full text of Texas The Texas Constitution § NR.221.046 — MITIGATION BANK FINANCING, with citation guidance and answers to common questions.
§ NR.221.046. MITIGATION BANK FINANCING
MITIGATION BANK FINANCING. (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. Added by Acts 1997, 75th Leg., ch. 165, Sec. 24.01(a), eff. Sept. 1, 1997.
Frequently Asked Questions About Texas § NR.221.046
What does The Texas Constitution § NR.221.046 cover?
Section NR.221.046 ("MITIGATION BANK FINANCING") 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.221.046?
A common citation format is "The Texas Constitution § NR.221.046" (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.221.046 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.