LIMITATION ON GUARANTEED AMOUNT.

Tex. EDUC Code § 46.005.
in effect
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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.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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