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Texas Veterans Land Board

State of Texas Veterans Bonds Ser 2015A

$70,655,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
February 11, 2015
Fiscal year issued
2015
Par amount
$125,000,000
New money / refunding
$125,000,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
Housing land
Program
VLB Land and Housing Bonds
Sale
Negotiated
Final maturity
June 1, 2045

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPeriodPrincipalInterestTotal debt service
2025Year end$70,655,000$9,726,703$80,381,703
2025Period 1$73,065,000$10,278,344$83,343,344
2024Year end$75,515,000$10,848,482$86,363,482
2024Period 1$78,000,000$11,437,382$89,437,382
2023Year end$80,525,000$12,045,346$92,570,346
2023Period 1$83,090,000$12,672,675$95,762,675
2022Year end$85,690,000$13,319,635$99,009,635
2022Period 1$88,340,000$13,986,602$102,326,602
2021Year end$91,020,000$14,673,803$105,693,803
2021Period 1$93,745,000$15,381,577$109,126,577
2020Year end$96,520,000$16,110,303$112,630,303
2020Period 1$99,325,000$16,860,207$116,185,207
2019Year end$102,185,000$17,631,704$119,816,704
2019Period 1$105,080,000$18,425,058$123,505,058
2018Year end$108,025,000$19,240,647$127,265,647
2018Period 1$111,020,000$20,078,848$131,098,848
2017Year end$114,060,000$20,940,001$135,000,001
2017Period 1$116,980,000$21,823,200$138,803,200
2016Year end$119,595,000$22,726,142$142,321,142
2016Period 1$122,375,000$23,650,073$146,025,073

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

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One-time costs reported: $408,944, or $3.27 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
CostPaid toTypeAmountPer $1,000
Attorney General reviewNot reportedOne time$9,500.00$0.08
Bond counselBracewell LLPOne time$93,750.00$0.75
Co bond counselLannen & Oliver PCOne time$21,938.00$0.18
Co underwriter counsel (paid by the underwriter)Mahomes Bolden & Warren PCOne time$5,000.00$0.04
Financial advisorGeorge K Baum & CoOne time$45,250.00$0.36
Liquidity provider counselKing & Spalding LLPOne time$25,000.00$0.20
Liquidity provider foreign counselNot reportedOne time$3,500.00$0.03
PrintingFinancial Printing Resources IncOne time$910.00$0.01
Rating agencyMoodysOne time$20,000.00$0.16
Underwriter's spread: expensesNot reportedOne time$34,096.00$0.27
Underwriter's spread: takedownNot reportedOne time$125,000.00$1.00
Underwriter's counsel (paid by the underwriter)Andrews & Kurth LLPOne time$25,000.00$0.20

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.