Payments under this chapter by a local government may not exceed:
(1) $100,000 to any one person or $300,000 for any single occurrence in the case of personal injury or death; or
(2) $10,000 for a single occurrence of property damage, unless the local government is liable in the local government's capacity as guardian under the Estates Code and does not give a bond under Section 1105.101(b), Estates Code, in which event payments may not exceed the amount of the actual property damages.