Texas Transportation Commission
State Highway Fund First Tier Rev Ref Bonds Txbl Ser 2020
Last reported in fiscal year 2023, with $341,425,000 of principal then outstanding.
Terms
- Closing date
- July 1, 2020
- Fiscal year issued
- 2020
- Par amount
- $341,425,000
- New money / refunding
- $0 / $341,425,000
- Pledge
- Revenue
- Purpose
- Refunding
- Program
- TXDOT State Highway Fund
- Sale
- Negotiated
- Final maturity
- October 1, 2033
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2024 | Period 1 | $341,425,000 | $128,507,600 | $469,932,600 |
| 2023 | Year end | $341,425,000 | $135,336,100 | $476,761,100 |
| 2023 | Period 1 | $341,425,000 | $142,164,600 | $483,589,600 |
| 2022 | Year end | $341,425,000 | $148,993,100 | $490,418,100 |
| 2022 | Period 1 | $341,425,000 | $155,821,600 | $497,246,600 |
| 2021 | Year end | $341,425,000 | $162,650,100 | $504,075,100 |
| 2021 | Period 1 | $341,425,000 | $169,478,600 | $510,903,600 |
| 2020 | Year end | $341,425,000 | $172,892,850 | $514,317,850 |
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: $1,813,459, or $5.31 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 | $68,285.00 | $0.20 |
| Co underwriter counsel (paid by the underwriter) | Kintop Smith PLLC | One time | $17,500.00 | $0.05 |
| Disclosure counsel | Bracewell LLP | One time | $50,000.00 | $0.15 |
| Escrow agent | US Bank | One time | $1,000.00 | $0.00 |
| Escrow verification | AMTEC Corp | One time | $825.00 | $0.00 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $125,000.00 | $0.37 |
| Other costs | Estrada Hinojosa & Co Inc | One time | $20,000.00 | $0.06 |
| Other costs | Winters & Associates | One time | $20,000.00 | $0.06 |
| Paying agent and registrar | US Bank | One time | $650.00 | $0.00 |
| Printing | ImageMaster LLC | One time | $2,678.00 | $0.01 |
| Rating agency | Moodys | One time | $55,250.00 | $0.16 |
| Rating agency | S&P | One time | $37,727.00 | $0.11 |
| Underwriter's spread: expenses | Not reported | One time | $92,200.00 | $0.27 |
| Underwriter's spread: takedown | Not reported | One time | $1,280,344.00 | $3.75 |
| Underwriter's counsel (paid by the underwriter) | Norton Rose Fulbright US LLP | One time | $32,500.00 | $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.