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Texas Veterans Land Board

State of Texas Veterans Bonds Ser 2022

$216,650,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
June 29, 2022
Fiscal year issued
2022
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
June 1, 2053

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$216,650,000$36,926,943$253,576,943
2025Period 1$226,700,000$39,210,095$265,910,095
2024Year end$235,440,000$41,581,271$277,021,271
2024Period 1$242,640,000$44,024,959$286,664,959
2023Year end$248,090,000$46,523,535$294,613,535
2023Period 1$250,000,000$50,961,035$300,961,035
2022Year end$250,000,000$50,027,980$300,027,980

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: $355,926, or $1.42 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$145,000.00$0.58
Financial advisorStifel Financial CorpOne time$87,500.00$0.35
Liquidity providerSumitomo Mitsui Banking CorpOne timeNot reported
Liquidity provider counselChapman & Cutler LLPOne time$25,000.00$0.10
Liquidity provider counselYumoto Ota & MiyazakiOne time$1,675.55$0.01
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)Locke Lord 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.