Texas Transportation Commission
State of Texas Highway Improvement GO Bonds, Series 2016
$430,500,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- May 4, 2016
- Fiscal year issued
- 2016
- Par amount
- $615,000,000
- New money / refunding
- $615,000,000 / $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 | $430,500,000 | $236,775,000 | $667,275,000 |
| 2025 | Period 1 | $451,000,000 | $248,050,000 | $699,050,000 |
| 2024 | Year end | $451,000,000 | $259,325,000 | $710,325,000 |
| 2024 | Period 1 | $471,500,000 | $271,112,500 | $742,612,500 |
| 2023 | Year end | $471,500,000 | $282,900,000 | $754,400,000 |
| 2023 | Period 1 | $492,000,000 | $295,200,000 | $787,200,000 |
| 2022 | Year end | $492,000,000 | $307,500,000 | $799,500,000 |
| 2022 | Period 1 | $512,500,000 | $320,312,500 | $832,812,500 |
| 2021 | Year end | $512,500,000 | $333,125,000 | $845,625,000 |
| 2021 | Period 1 | $533,000,000 | $346,450,000 | $879,450,000 |
| 2020 | Year end | $533,000,000 | $359,775,000 | $892,775,000 |
| 2020 | Period 1 | $553,500,000 | $373,612,500 | $927,112,500 |
| 2019 | Year end | $553,500,000 | $387,450,000 | $940,950,000 |
| 2019 | Period 1 | $574,000,000 | $401,800,000 | $975,800,000 |
| 2018 | Year end | $574,000,000 | $416,150,000 | $990,150,000 |
| 2018 | Period 1 | $594,500,000 | $431,012,500 | $1,025,512,500 |
| 2017 | Year end | $594,500,000 | $445,875,000 | $1,040,375,000 |
| 2017 | Period 1 | $615,000,000 | $461,250,000 | $1,076,250,000 |
| 2016 | Year end | $615,000,000 | $473,806,250 | $1,088,806,250 |
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: $2,824,010, or $4.59 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 | $93,250.00 | $0.15 |
| Co underwriter counsel (paid by the underwriter) | Mahomes Bolden & Warren PC | One time | $20,500.00 | $0.03 |
| Disclosure counsel | Bracewell LLP | One time | $61,500.00 | $0.10 |
| Financial advisor | Estrada Hinojosa & Co Inc | One time | $104,978.00 | $0.17 |
| Other costs | Not reported | One time | $1,286.00 | $0.00 |
| Paying agent and registrar | US Bank | One time | $300.00 | $0.00 |
| Printing | ImageMaster LLC | One time | $1,966.00 | $0.00 |
| Rating agency | Fitch | One time | $95,000.00 | $0.15 |
| Rating agency | Moodys | One time | $93,500.00 | $0.15 |
| Rating agency | S&P | One time | $54,868.00 | $0.09 |
| Underwriter's spread: expenses | Not reported | One time | $113,337.00 | $0.18 |
| Underwriter's spread: takedown | Not reported | One time | $2,133,025.00 | $3.47 |
| Underwriter's counsel (paid by the underwriter) | Winstead PC | One time | $41,000.00 | $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.