The Texas Constitution mandates that money spent on debt service cannot exceed more than what percentage of state revenue

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02-07-2021
Business

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The Texas Constitution mandates that money spent on debt service cannot exceed more than what percentage of state revenue

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Аноним Аноним · Answer 1 · 2021-07-02T16:55:45-04:00

Аноним Аноним

02-07-2021

Answer:

5 percent

Explanation:

The Texas Constitution mandates that money spent on debt service cannot exceed more than 5 percent. When the state of Texas was established, Texas had very little debt. So, as a result, the Constitution was created and it states that it can not exceed 5%. Therefore, the answer is 5 percent.

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