Texas Transportation Commission Transportation Finance Corporation
Sub Tier Note Series 2024 (State Highway 288 Toll Lanes Project)
$1,731,730,721 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- October 7, 2024
- Fiscal year issued
- 2025
- Par amount
- $1,731,730,721
- New money / refunding
- $1,731,730,721 / $0
- Pledge
- Revenue
- Purpose
- Transportation
- Program
- TXDOT TFC
- Sale
- Private placement
- Final maturity
- October 1, 2064
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $1,731,730,721 | $2,546,490,649 | $4,278,221,370 |
| 2025 | Period 1 | $1,731,730,721 | $2,978,745,624 | $4,710,476,345 |
State issues are reported twice each fiscal year. "Year end" is the balance at the end of the fiscal year (reporting period 2), which the totals on this site use; "Period 1" is the earlier report in the same year.
Costs of issuance
Download CSVOne-time costs reported: $931,359, or $0.54 per $1,000 of par (computed here).
| Cost | Paid to | Type | Amount | Per $1,000 |
|---|---|---|---|---|
| Attorney General review | Not reported | One time | $9,500.00 | $0.01 |
| Bank counsel | McCall Parkhurst & Horton LLP | One time | $769,519.22 | $0.44 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $124,839.64 | $0.07 |
| Paying agent and registrar | US Bank | Annual | $550.00 | $0.00 |
| Trustee | US Bank | Annual | $3,500.00 | $0.00 |
| Trustee | US Bank | One time | $2,500.00 | $0.00 |
| Trustee | US Bank | One time | $25,000.00 | $0.01 |
Source: State Issuance Fee By Year (updated by the publisher Aug 27, 2026); Debt Outstanding By Issuance State By Year (updated by the publisher Aug 26, 2026). Loaded here Oct 3, 2026.
Texas fiscal years run September 1 to August 31.
Figures are as reported to the agency and have not been independently verified.