Sec. 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 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.
Limitation On Guaranteed Amount
Tex. Education Code § 46.005, under Assistance With Instructional Facilities and Payment of Existing Debt.
Tex. Education Code § 46.005