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.