Tex. Education Code § 46.005
This is the official text of Tex. Education Code § 46.005, part of Texas’s Education Code — governs public schools and universities in Texas.
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§ 46.005. LIMITATION ON GUARANTEED AMOUNT.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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