Texas § ED.46.005 - LIMITATION ON GUARANTEED AMOUNT
Full text of Texas The Texas Constitution § ED.46.005 — LIMITATION ON GUARANTEED AMOUNT, with citation guidance and answers to common questions.
§ ED.46.005. LIMITATION ON GUARANTEED AMOUNT
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.
Frequently Asked Questions About Texas § ED.46.005
What does The Texas Constitution § ED.46.005 cover?
Section ED.46.005 ("LIMITATION ON GUARANTEED AMOUNT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § ED.46.005?
A common citation format is "The Texas Constitution § ED.46.005" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § ED.46.005 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.