Texas Bond Review Board
The Bond Review Board approves state debt, reports on the debt of Texas state and local governments, and administers the state's private activity bond allocation program.
What do you need to do?
File a report
Every report BRB receives, who files it, when it is due and how to send it.
Look up debt
Debt outstanding and issued for the state and for every local government that reports.
Apply for private activity bond allocation
How the program works, the lottery, program year dates and the weekly status.
Follow the Board
Meetings, agendas and minutes, and the Board's members.
Texas debt at a glance
More dataTexas cities, counties, school districts and other local governments had $365.5 billion of debt outstanding at the end of fiscal year 2025, according to the Bond Review Board's Data Center.
Source: Texas BRB Data Center, Local Debt page, Debt Outstanding card
BRB's 2025 Local Annual Report gives $368.30 billion for the same date (page 5). The report and the Data Center are compiled differently and BRB does not say why they differ; this site shows the Data Center figure.
State agencies, universities and statewide entities had $77.1 billion of debt outstanding at the end of fiscal year 2025, according to the Bond Review Board's Data Center.
Source: Texas BRB Data Center, State Debt page, Debt Outstanding card
BRB's 2026 Debt Affordability Study gives $77.90 billion for the same date (page 5). The study and the Data Center are compiled differently and BRB does not say why they differ; this site shows the Data Center figure.
The Data Center search lists 5,678 local government issuers by name; they share 5,197 issuer pages because a city, county or district and its affiliated corporations share one page. This counts issuers with a Data Center page, not issuers with debt.
Source: Texas BRB Data Center, search index (main_search.json)
BRB's weekly PAB status summary shows $87,287,708.27 as the current available allocation for 2026 as of October 2, 2026.
Source: Texas BRB 2026 PAB status summary (2026PABSUMMARY10.02.2026.xlsx)
Meetings and deadlines
Upcoming meetings
All meetings- Called Board MeetingTuesday, October 6, 2026, 10:00 AM10.6.2026 CBM AgendaSource, captured 2026-10-03
Upcoming deadlines
All filings- PAB 2027 program year: applications openMonday, October 5, 2026 · PAB · 34 TAC 190.2; Tex. Gov't Code ch. 1372Source, captured 2026-10-03
- PAB 2027 program year: lottery application cutoffTuesday, October 20, 2026 · PAB · 34 TAC 190.2; Tex. Gov't Code ch. 1372Source, captured 2026-10-03
- Notice of Intent to Issue Debt due for the November 19, 2026 Board MeetingFriday, October 23, 2026 · State Debt · 34 TAC 181.2Source, captured 2026-10-03
- Debt Application due for the November 19, 2026 Board MeetingTuesday, October 27, 2026 · State Debt · 34 TAC 181.3Source, captured 2026-10-03
- PAB 2026 program year: last day to receive a reservationFriday, November 13, 2026 · PAB · 34 TAC 190.2; Tex. Gov't Code ch. 1372Source, captured 2026-10-03
Programs
State Debt
How state agencies and universities get Board approval for debt and lease purchases, report each transaction after it closes, and plan capital spending.
Local Government Debt
What BRB does with local government debt, the databases and reports it publishes, and the forms local governments file.
Private Activity Bond Allocation Program
What private activity bonds are, why Texas allocates them, and where to find the program's rules, program years and resources.
The Board
Members and alternatesExecutive Director: Rob Latsha