Texas Transportation Commission
State Highway Fund First Tier Rev Ref Bonds Ser 2024
$289,310,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- March 20, 2024
- Fiscal year issued
- 2024
- Par amount
- $346,820,000
- New money / refunding
- $0 / $346,820,000
- Pledge
- Revenue
- Purpose
- Refunding
- Program
- TXDOT State Highway Fund
- Sale
- Negotiated
- Final maturity
- August 31, 2034
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $289,310,000 | $114,285,500 | $403,595,500 |
| 2025 | Period 1 | $346,820,000 | $122,956,000 | $469,776,000 |
| 2024 | Year end | $346,820,000 | $132,156,364 | $478,976,364 |
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: $1,699,715, or $4.90 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 | $0.03 |
| Bond counsel | Orrick Herrington & Sutcliffe LLP | One time | $80,000.00 | $0.23 |
| Co underwriter counsel (paid by the underwriter) | Kassahn & Ortiz PC | One time | $15,000.00 | $0.04 |
| Disclosure counsel | Bracewell LLP | One time | $60,000.00 | $0.17 |
| Escrow agent | UMB Bank NA | One time | $250.00 | $0.00 |
| Escrow verification | The Arbitrage Group Inc | One time | $1,000.00 | $0.00 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $127,474.00 | $0.37 |
| Other costs | US Bank | One time | $600.00 | $0.00 |
| Paying agent and registrar | UMB Bank NA | One time | $350.00 | $0.00 |
| Printing | ImageMaster LLC | One time | $2,619.00 | $0.01 |
| Rating agency | Moodys | One time | $55,600.00 | $0.16 |
| Rating agency | S&P | One time | $43,752.00 | $0.13 |
| Underwriter's spread: expenses | Not reported | One time | $111,770.00 | $0.32 |
| Underwriter's spread: takedown | Not reported | One time | $1,156,800.00 | $3.34 |
| Underwriter's counsel (paid by the underwriter) | Greenberg Traurig LLP | One time | $35,000.00 | $0.10 |
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.