Texas Transportation Commission
Highway Improvement GO Bonds Ser 2016A
$426,315,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- November 2, 2016
- Fiscal year issued
- 2017
- Par amount
- $588,755,000
- New money / refunding
- $588,755,000 / $0
- Pledge
- Tax-supported (general obligation)
- Purpose
- Transportation
- Program
- TTC GO Transportation Bonds
- Sale
- Negotiated
- Final maturity
- April 1, 2046
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $426,315,000 | $226,143,500 | $652,458,500 |
| 2025 | Period 1 | $446,620,000 | $237,106,000 | $683,726,000 |
| 2024 | Year end | $446,620,000 | $248,068,500 | $694,688,500 |
| 2024 | Period 1 | $466,925,000 | $259,538,625 | $726,463,625 |
| 2023 | Year end | $466,925,000 | $271,008,750 | $737,933,750 |
| 2023 | Period 1 | $487,230,000 | $282,986,500 | $770,216,500 |
| 2022 | Year end | $487,230,000 | $294,964,250 | $782,194,250 |
| 2022 | Period 1 | $507,535,000 | $307,449,625 | $814,984,625 |
| 2021 | Year end | $507,535,000 | $319,935,000 | $827,470,000 |
| 2021 | Period 1 | $527,840,000 | $332,928,000 | $860,768,000 |
| 2020 | Year end | $527,840,000 | $345,921,000 | $873,761,000 |
| 2020 | Period 1 | $548,145,000 | $359,421,625 | $907,566,625 |
| 2019 | Year end | $548,145,000 | $372,922,250 | $921,067,250 |
| 2019 | Period 1 | $568,450,000 | $386,930,500 | $955,380,500 |
| 2018 | Year end | $568,450,000 | $400,938,750 | $969,388,750 |
| 2018 | Period 1 | $588,755,000 | $415,454,625 | $1,004,209,625 |
| 2017 | Year end | $588,755,000 | $429,970,500 | $1,018,725,500 |
| 2017 | Period 1 | $588,755,000 | $441,986,419 | $1,030,741,419 |
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: $2,777,504, or $4.72 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 | $0.02 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $88,842.00 | $0.15 |
| Co underwriter counsel (paid by the underwriter) | Kassahn & Ortiz PC | One time | $23,550.00 | $0.04 |
| Disclosure counsel | Bracewell LLP | One time | $58,876.00 | $0.10 |
| Escrow agent | US Bank | One time | Not reported | |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $101,845.00 | $0.17 |
| Other costs | Not reported | One time | $10,993.00 | $0.02 |
| Paying agent and registrar | US Bank | One time | $300.00 | $0.00 |
| Printing | ImageMaster LLC | One time | $1,993.00 | $0.00 |
| Rating agency | Fitch | One time | $95,000.00 | $0.16 |
| Rating agency | Moodys | One time | $110,000.00 | $0.19 |
| Rating agency | S&P | One time | $51,810.00 | $0.09 |
| Underwriter's spread: expenses | Not reported | One time | $108,545.00 | $0.18 |
| Underwriter's spread: takedown | Not reported | One time | $2,080,925.00 | $3.53 |
| Underwriter's counsel (paid by the underwriter) | Orrick Herrington & Sutcliffe LLP | One time | $35,325.00 | $0.06 |
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.