This is a MuniPro demonstration of a redesigned Texas Bond Review Board website. It is not the official BRB site: nothing filed here reaches BRB, and the email addresses shown are BRB's own. The official site is brb.texas.gov.

Texas Veterans Land Board

State of Texas Veterans Bonds Ser 2021

$85,735,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
January 13, 2021
Fiscal year issued
2021
Par amount
$250,000,000
New money / refunding
$250,000,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
Housing land
Program
VLB Land and Housing Bonds
Sale
Negotiated
Final maturity
December 1, 2051

Debt outstanding by fiscal year

Download CSV
Principal, interest and debt service outstanding at each reporting date
Fiscal yearPeriodPrincipalInterestTotal debt service
2025Year end$85,735,000$4,284,584$90,019,584
2025Period 1$94,395,000$4,590,896$98,985,896
2024Year end$105,145,000$4,932,092$110,077,092
2024Period 1$216,065,000$11,506,173$227,571,173
2023Year end$226,255,000$12,240,371$238,495,371
2023Period 1$235,120,000$13,003,335$248,123,335
2022Year end$242,475,000$13,790,167$256,265,167
2022Period 1$247,990,000$14,594,894$262,584,894
2021Year end$250,000,000$15,406,145$265,406,145
2021Period 1$250,000,000$16,217,395$266,217,395

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 CSV

One-time costs reported: $352,104, or $1.41 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$0.04
Bond counselBracewell LLPOne time$125,000.00$0.50
Co bond counselLannen & Oliver PCOne time$30,354.00$0.12
Financial advisorStifel Financial CorpOne time$87,500.00$0.35
Liquidity providerFederal Home Loan BanksOne time$0.00$0.00
Liquidity provider counselSquire Patton Boggs LLPOne time$12,500.00$0.05
PrintingIsland PrintingOne time$250.00$0.00
Rating agencyMoodysOne time$20,000.00$0.08
Underwriter's spread: expensesNot reportedOne time$37,000.00$0.15
Underwriter's counsel (paid by the underwriter)Norton Rose Fulbright US LLPOne time$30,000.00$0.12

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.