Bond programs are exceptions to the requirement in the Texas Constitution for a balanced budget because they allow the state to borrow money for specific projects, which is not accounted for in the annual balanced budget requirement.

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Bond Programs Are

Question 4

Multiple Choice

Bond programs are

A) consistent with "pay-as-you-go" laws.
B) exceptions to the requirement in the Texas Constitution for a balanced budget.
C) revenue estimates included in the comptroller's certification.
D) provisions of the Texas law that enable businesses to avoid paying corporate income taxes.
E) illegal in Texas.

Correct Answer: