State issuer
Texas Veterans Land Board
$3,017,050,000 of principal outstanding on 41 issues at the end of fiscal year 2025.
Fiscal year 2025 at a glance
Principal outstanding
$3.02 billion
Fiscal year 2025
$3,017,050,000
Interest still to be paid
$669.9 million
Fiscal year 2025
$669,858,718
Total debt service outstanding
$3.69 billion
Fiscal year 2025
$3,686,908,718
Issues outstanding
41
Fiscal year 2025
Debt outstanding by fiscal year
Download CSV| Fiscal year | Principal | Interest | Total debt service | Issues |
|---|---|---|---|---|
| 2025 | $3,017,050,000 | $669,858,718 | $3,686,908,718 | 41 |
| 2024 | $2,976,885,000 | $571,618,815 | $3,548,503,815 | 41 |
| 2023 | $3,227,350,000 | $625,874,548 | $3,853,224,548 | 40 |
| 2022 | $2,993,445,000 | $499,261,366 | $3,492,706,366 | 38 |
| 2021 | $2,978,775,000 | $485,835,989 | $3,464,610,989 | 37 |
| 2020 | $2,945,465,000 | $533,573,583 | $3,479,038,583 | 36 |
| 2019 | $2,950,180,000 | $589,372,491 | $3,539,552,491 | 36 |
| 2018 | $2,957,335,000 | $616,393,973 | $3,573,728,973 | 38 |
| 2017 | $2,875,515,000 | $590,815,470 | $3,466,330,470 | 37 |
| 2016 | $2,782,245,000 | $577,302,299 | $3,359,547,299 | 37 |
Issues outstanding, fiscal year 2025
Download CSV| Issue | Closed | Pledge | Purpose | Final maturity | Principal | Interest |
|---|---|---|---|---|---|---|
| Veterans Bonds Ser 2025B | Apr 3, 2025 | Tax-supported (general obligation) | Housing land | Dec 1, 2055 | $250,000,000 | $84,763,697 |
| Veterans Bonds Txbl Ser 2023A | Jul 20, 2023 | Tax-supported (general obligation) | Housing land | Dec 1, 2054 | $238,125,000 | $82,881,588 |
| Veterans Bonds Ser 2023 | Apr 20, 2023 | Tax-supported (general obligation) | Housing land | Jun 1, 2054 | $236,090,000 | $62,777,686 |
| State of Texas Veterans Bonds Ser 2022 | Jun 29, 2022 | Tax-supported (general obligation) | Housing land | Jun 1, 2053 | $216,650,000 | $36,926,943 |
| Veterans Bonds Txbl Ref Ser 2025C | Aug 7, 2025 | Tax-supported (general obligation) | Refunding | Dec 1, 2037 | $181,135,000 | $41,321,444 |
| State of Texas Veterans Bonds Ser 2020 | Jan 9, 2020 | Tax-supported (general obligation) | Housing land | Dec 1, 2050 | $168,350,000 | $14,596,184 |
| Veterans Bonds Series 2019 | Apr 11, 2019 | Tax-supported (general obligation) | Housing land | Jun 1, 2050 | $158,090,000 | $23,494,975 |
| Veterans Bonds Series 2018 | Jun 28, 2018 | Tax-supported (general obligation) | Housing land | Dec 1, 2049 | $144,690,000 | $23,597,387 |
| Veterans Bonds Txbl Ref Series 2024A | Aug 29, 2024 | Tax-supported (general obligation) | Refunding | Dec 1, 2051 | $133,405,000 | $24,237,426 |
| State of Texas Veterans Bonds, Series 2016 | Jan 21, 2016 | Tax-supported (general obligation) | Housing land | Dec 1, 2046 | $108,390,000 | $12,313,646 |
| Veterans Bonds Txbl Ser 2025A | Mar 12, 2025 | Tax-supported (general obligation) | Housing land | Dec 1, 2056 | $100,000,000 | $94,531,933 |
| State of Texas Veterans Bonds Ser 2021 | Jan 13, 2021 | Tax-supported (general obligation) | Housing land | Dec 1, 2051 | $85,735,000 | $4,284,584 |
| State of Texas Veterans Bonds, Series 2017 | Jan 19, 2017 | Tax-supported (general obligation) | Housing land | Dec 1, 2047 | $84,820,000 | $6,285,516 |
| State of Texas Veterans Bonds, Series 2014A | Not reported | Tax-supported (general obligation) | Jun 1, 2044 | $81,525,000 | $15,631,057 | |
| VLB HAP Fund II Ser 2013B (7.13) | Not reported | Tax-supported (general obligation) | Dec 1, 2043 | $78,130,000 | $14,351,498 | |
| State of Texas Veterans Bonds Ser 2015B | Jul 22, 2015 | Tax-supported (general obligation) | Housing land | Jun 1, 2046 | $75,155,000 | $12,553,025 |
| State of Texas Veterans Bonds Ser 2015A | Feb 11, 2015 | Tax-supported (general obligation) | Housing land | Jun 1, 2045 | $70,655,000 | $9,726,703 |
| State of Texas Veterans Bonds Ser 2014D | Sep 10, 2014 | Tax-supported (general obligation) | Housing land | Jun 1, 2045 | $55,255,000 | $9,535,602 |
| Veterans Bonds Ser 2013A | Not reported | Tax-supported (general obligation) | Jun 1, 2043 | $53,115,000 | $8,148,950 | |
| State of Texas Veterans Bonds Ser 2012B | Not reported | Tax-supported (general obligation) | Dec 1, 2042 | $45,965,000 | $5,354,587 | |
| State of Texas Veterans Bonds, Taxable Ref Bonds Series 2014C | Not reported | Tax-supported (general obligation) | Dec 1, 2033 | $41,475,000 | $5,685,701 | |
| VLB Veterans Bonds Ser 2011C (11.11) | Not reported | Tax-supported (general obligation) | Jun 1, 2042 | $36,585,000 | $5,780,042 | |
| VLB Veterans Bonds Ser 2011B (8.11) | Not reported | Tax-supported (general obligation) | Dec 1, 2041 | $35,895,000 | $6,894,893 | |
| VLB Veterans Bonds Ser 2012A (5.12) | Not reported | Tax-supported (general obligation) | Dec 1, 2042 | $35,740,000 | $4,868,180 | |
| VLB HAP Fund II Ser 2010C (7.10) | Not reported | Tax-supported (general obligation) | Dec 1, 2040 | $35,735,000 | $6,377,569 | |
| VLB Veterans Bonds, Ser 2011A (2.11) | Not reported | Tax-supported (general obligation) | Jun 1, 2041 | $35,085,000 | $7,340,935 | |
| VLB HAP Fund II Ser 2002A-1 & A-2 (6/02) | Not reported | Tax-supported (general obligation) | Jun 1, 2033 | $20,855,000 | $3,627,274 | |
| VLB HAP Fund II Ser 2008B (08/08) | Not reported | Tax-supported (general obligation) | Dec 1, 2038 | $20,425,000 | $4,700,680 | |
| VLB HAP Fund II Ser 2001C (11/01) | Not reported | Tax-supported (general obligation) | Dec 1, 2033 | $19,635,000 | $4,826,272 | |
| VLB HAP FII Ser 2008A (03.08) | Not reported | Tax-supported (general obligation) | Dec 1, 2038 | $19,345,000 | $4,227,818 | |
| VLB HAP FII Ser 2007B (06/07) | Not reported | Tax-supported (general obligation) | Jun 1, 2038 | $18,200,000 | $4,351,299 | |
| VLB HAP FII Ser2007A Exempt (02/07) | Not reported | Tax-supported (general obligation) | Jun 1, 2037 | $18,160,000 | $4,208,700 | |
| VLB HAP FII Series 2006D Exempt | Not reported | Tax-supported (general obligation) | Dec 1, 2036 | $17,235,000 | $3,838,497 | |
| VLB HAP Fund II, Ser 2006A | Not reported | Tax-supported (general obligation) | Dec 1, 2036 | $16,595,000 | $3,400,412 | |
| VLB HAP Fund II, Ser 2004B (08/04) EXEMPT | Not reported | Tax-supported (general obligation) | Dec 1, 2034 | $13,350,000 | $2,385,284 | |
| VLB HAP Fund II Ser 2005A (01/05) EXEMPT | Not reported | Tax-supported (general obligation) | Jun 1, 2035 | $13,220,000 | $2,183,241 | |
| VLB HAP Fund II Ser 2005B (07/05) EXEMPT | Not reported | Tax-supported (general obligation) | Jun 1, 2036 | $13,160,000 | $1,897,767 | |
| VLB HAP Fund II, Ser 2003B (10/03) EXEMPT | Not reported | Tax-supported (general obligation) | Jun 1, 2034 | $11,485,000 | $1,740,805 | |
| VLB HAP Fund II Ser 2001A-1 & 2001A-2 (2/01) | Not reported | Tax-supported (general obligation) | Dec 1, 2029 | $10,800,000 | $1,184,960 | |
| VLB HAP Fund II,Ser 2003A (2/03) | Not reported | Tax-supported (general obligation) | Jun 1, 2034 | $10,660,000 | $1,599,384 | |
| VLB Land Ser 2002 & Tax Series 2002A (11/01) | Not reported | Tax-supported (general obligation) | Dec 1, 2032 | $8,130,000 | $1,424,574 |
Earlier issues
Issues last reported before fiscal year 2025: repaid, refunded or matured.
- Taxable Ref Series 2013C closed date not reported; last reported fiscal year 2024
- VLB HAP Fund II, Ser 2004A (02/04) EXEMPT closed date not reported; last reported fiscal year 2024
- State of Texas Veterans' Bonds Taxable Ref Ser 2014B closed date not reported; last reported fiscal year 2024
- VLB HAP Fund II Ser 2010A (2.10) closed date not reported; last reported fiscal year 2019
- Veterans Land Ref Bonds Ser 1999A (Var) closed date not reported; last reported fiscal year 2018
- VLB HAP Fund II Ser 2009B (08/09) closed date not reported; last reported fiscal year 2018
- VLB HAP Fund II Ser 2009 A (02/09) closed date not reported; last reported fiscal year 2018
- VLB HAP Fund I Ref Series 1995 closed date not reported; last reported fiscal year 2016
Other issues
Issues with no balance reported at a fiscal year end, such as those known only from their costs of issuance.
- VLB Veterans Land Bonds Series 1996 closed date not reported
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.