Texas Transportation Commission
Mobility Fund Ref Bonds Ser 2024
$840,260,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- October 1, 2024
- Fiscal year issued
- 2025
- Par amount
- $840,260,000
- New money / refunding
- $0 / $840,260,000
- Pledge
- Tax-supported (general obligation)
- Purpose
- Refunding
- Program
- TXDOT TTC Mobility Fund Bonds
- Sale
- Negotiated
- Final maturity
- October 1, 2044
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $840,260,000 | $246,630,500 | $1,086,890,500 |
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: $4,159,028, or $4.95 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 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $215,000.00 | $0.26 |
| Bond counsel expense | McCall Parkhurst & Horton LLP | One time | $25,000.00 | $0.03 |
| Bond counsel expense | McCall Parkhurst & Horton LLP | One time | $1,000.00 | $0.00 |
| Contingency | Not reported | One time | $27,180.79 | $0.03 |
| Co underwriter counsel (paid by the underwriter) | Locke Lord LLP | One time | $84,026.00 | $0.10 |
| CUSIP (paid by the underwriter) | BA Securities LLC | One time | $968.00 | $0.00 |
| Disclosure counsel | Bracewell LLP | One time | $84,026.00 | $0.10 |
| Escrow agent | UMB Bank NA | One time | $250.00 | $0.00 |
| Escrow verification | The Arbitrage Group Inc | One time | $2,000.00 | $0.00 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $175,000.00 | $0.21 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $3,000.00 | $0.00 |
| Other costs | BA Securities LLC | One time | $80,000.00 | $0.10 |
| Other costs (paid by the underwriter) | BA Securities LLC | One time | $975.00 | $0.00 |
| Other costs | BA Securities LLC | One time | $2,000.00 | $0.00 |
| Other costs | BA Securities LLC | One time | $648,950.00 | $0.77 |
| Other costs | BA Securities LLC | One time | $5,000.00 | $0.01 |
| Other costs (paid by the underwriter) | Ipreo LLC | One time | $84,389.96 | $0.10 |
| Other costs | Piper Sandler & Co | One time | $1,500.00 | $0.00 |
| Other costs | UMB Bank NA | One time | $600.00 | $0.00 |
| Paying agent and registrar | UMB Bank NA | One time | $350.00 | $0.00 |
| Printing | ImageMaster LLC | One time | $2,500.00 | $0.00 |
| Rating agency | Moodys | One time | $99,450.00 | $0.12 |
| Rating agency | S&P | One time | $105,393.00 | $0.13 |
| Underwriter's spread: takedown | BA Securities LLC | One time | $2,500,968.75 | $2.98 |
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.