While the Texas Constitution Does Require That the State Maintains

Multiple Choice

While the Texas Constitution does require that the state maintains a balanced budget, the state is allowed to carry debt as long as the debt service payments

A) are approved by the comptroller, governor, and LBB.
B) are not more than 5 percent of the state's revenue.
C) are automatically paid first to ensure that the state does not default.
D) are paid from a distinct fund kept separate from monies needed for essential functions.