Tex. Educ. Code Section 46.005
Limitation on Guaranteed Amount


The guaranteed amount of state and local funds for a new project that a district may be awarded in any state fiscal biennium under Section 46.003 (School Facilities Allotment) for a school district may not exceed the lesser of:

(1)

the amount the actual debt service payments the district makes in the biennium in which the bonds are issued; or

(2)

the greater of:

(A)

$100,000; or

(B)

the product of the number of students in average daily attendance in the district multiplied by $250.
Added by Acts 1997, 75th Leg., ch. 592, Sec. 1.04, eff. Sept. 1, 1997.

Source: Section 46.005 — Limitation on Guaranteed Amount, https://statutes.­capitol.­texas.­gov/Docs/ED/htm/ED.­46.­htm#46.­005 (accessed Apr. 20, 2024).

Accessed:
Apr. 20, 2024

§ 46.005’s source at texas​.gov