Texas Natural Resources Code
§ 221.046 — MITIGATION BANK FINANCING
NR § 221.046Title 12. WETLANDS · Ch. 221. WETLAND MITIGATION · Art. C. PROVISIONS FOR POLITICAL SUBDIVISIONS
Statute text
View on source(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;
…
Legislative history
Added by Acts 1997, 75th Leg., ch. 165, Sec. 24.01(a), eff. Sept. 1, 1997.