Texas Transportation Commission
State Highway Fund First Tier Rev Ref Bonds, Series 2015
$147,495,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- July 22, 2015
- Fiscal year issued
- 2015
- Par amount
- $781,080,000
- New money / refunding
- $0 / $781,080,000
- Pledge
- Revenue
- Purpose
- Refunding
- Program
- TXDOT State Highway Fund
- Sale
- Negotiated
- Final maturity
- October 1, 2026
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $147,495,000 | $6,589,875 | $154,084,875 |
| 2025 | Period 1 | $147,495,000 | $10,277,250 | $157,772,250 |
| 2024 | Year end | $243,430,000 | $16,363,000 | $259,793,000 |
| 2024 | Period 1 | $243,430,000 | $22,448,750 | $265,878,750 |
| 2023 | Year end | $324,280,000 | $30,555,750 | $354,835,750 |
| 2023 | Period 1 | $324,280,000 | $38,662,750 | $362,942,750 |
| 2022 | Year end | $411,445,000 | $48,948,875 | $460,393,875 |
| 2022 | Period 1 | $411,445,000 | $59,235,000 | $470,680,000 |
| 2021 | Year end | $494,355,000 | $71,593,875 | $565,948,875 |
| 2021 | Period 1 | $494,355,000 | $83,952,750 | $578,307,750 |
| 2020 | Year end | $573,225,000 | $98,283,375 | $671,508,375 |
| 2020 | Period 1 | $573,225,000 | $112,614,000 | $685,839,000 |
| 2019 | Year end | $648,245,000 | $128,820,125 | $777,065,125 |
| 2019 | Period 1 | $648,245,000 | $145,026,250 | $793,271,250 |
| 2018 | Year end | $719,955,000 | $162,666,575 | $882,621,575 |
| 2018 | Period 1 | $719,955,000 | $180,306,900 | $900,261,900 |
| 2017 | Year end | $781,080,000 | $198,864,100 | $979,944,100 |
| 2017 | Period 1 | $781,080,000 | $217,421,300 | $998,501,300 |
| 2016 | Year end | $781,080,000 | $235,978,500 | $1,017,058,500 |
| 2016 | Period 1 | $781,080,000 | $254,535,700 | $1,035,615,700 |
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: $3,626,788, or $4.64 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 | Andrews & Kurth LLP | One time | $156,215.00 | $0.20 |
| Contingency | Not reported | One time | $34,072.00 | $0.04 |
| Co underwriter counsel (paid by the underwriter) | Mahomes Bolden & Warren PC | One time | $29,750.00 | $0.04 |
| Disclosure counsel | McCall Parkhurst & Horton LLP | One time | $78,154.00 | $0.10 |
| Escrow agent | US Bank | One time | $250.00 | $0.00 |
| Escrow verification | The Arbitrage Group Inc | One time | $2,150.00 | $0.00 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $105,000.00 | $0.13 |
| Other costs | Estrada Hinojosa & Co Inc | One time | $37,000.00 | $0.05 |
| Other costs | Winter & Company | One time | $0.00 | $0.00 |
| Paying agent and registrar | US Bank | One time | $1,200.00 | $0.00 |
| Printing | ImageMaster LLC | One time | $5,990.00 | $0.01 |
| Rating agency | Moodys | One time | $110,000.00 | $0.14 |
| Rating agency | S&P | One time | $140,000.00 | $0.18 |
| Underwriter's spread: expenses | Not reported | One time | $193,026.00 | $0.25 |
| Underwriter's spread: takedown | Not reported | One time | $2,669,231.00 | $3.42 |
| Underwriter's counsel (paid by the underwriter) | Winstead PC | One time | $55,250.00 | $0.07 |
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.