Texas Transportation Commission
Toll Rev Converting Note (IH 35E Managed Lane Project) TIFIA Loan
$323,295,968 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- November 3, 2016
- Fiscal year issued
- 2017
- Par amount
- $285,000,000
- New money / refunding
- $285,000,000 / $0
- Pledge
- Revenue
- Purpose
- Transportation
- Program
- TXDOT Toll Revenue Bonds
- Sale
- Private placement
- Final maturity
- August 31, 2052
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $323,295,968 | $135,593,106 | $458,889,074 |
| 2025 | Period 1 | $323,295,968 | $139,757,880 | $463,053,848 |
| 2024 | Year end | $323,295,968 | $143,922,653 | $467,218,621 |
| 2024 | Period 1 | $323,295,968 | $148,070,381 | $471,366,349 |
| 2023 | Year end | $323,295,968 | $152,275,177 | $475,571,145 |
| 2023 | Period 1 | $323,295,968 | $156,411,417 | $479,707,385 |
| 2022 | Year end | $323,295,968 | $160,616,214 | $483,912,182 |
| 2022 | Period 1 | $323,295,968 | $164,752,454 | $488,048,422 |
| 2021 | Year end | $323,295,968 | $164,752,454 | $488,048,422 |
| 2021 | Period 1 | $323,295,968 | $164,752,454 | $488,048,422 |
| 2020 | Year end | $323,295,968 | $164,752,454 | $488,048,422 |
| 2020 | Period 1 | $323,295,968 | $164,752,454 | $488,048,422 |
| 2019 | Year end | $323,295,968 | $164,752,454 | $488,048,422 |
| 2019 | Period 1 | $323,295,968 | $164,752,454 | $488,048,422 |
| 2018 | Year end | $323,295,968 | $164,752,454 | $488,048,422 |
| 2018 | Period 1 | $323,295,968 | $164,752,454 | $488,048,422 |
| 2017 | Year end | $323,295,968 | $164,752,454 | $488,048,422 |
| 2017 | Period 1 | $323,295,968 | $164,752,454 | $488,048,422 |
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: $2,104,375, or $7.38 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 | McCall Parkhurst & Horton LLP | One time | $372,935.00 | $1.31 |
| Financial advisor | KPMG LLP | One time | $648,976.00 | $2.28 |
| Other costs | Not reported | One time | $497,768.00 | $1.75 |
| Other costs | Nossaman LLP | One time | $172,446.00 | $0.61 |
| Other costs | Trans Infrastructure Finance Act (TIFIA) | One time | $13,000.00 | $0.05 |
| Rating agency | DBRS | One time | $184,750.00 | $0.65 |
| Rating agency | Fitch | One time | $200,000.00 | $0.70 |
| Trustee | Amegy Bank of Texas | One time | $5,000.00 | $0.02 |
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.