State of Texas Veterans Bonds, Series 2016
$108,390,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- January 21, 2016
- Fiscal year issued
- 2016
- 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, 2046
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $108,390,000 | $12,313,646 | $120,703,646 |
| 2025 | Period 1 | $114,655,000 | $13,210,248 | $127,865,248 |
| 2024 | Year end | $121,220,000 | $14,158,188 | $135,378,188 |
| 2024 | Period 1 | $128,100,000 | $15,159,930 | $143,259,930 |
| 2023 | Year end | $135,305,000 | $16,218,015 | $151,523,015 |
| 2023 | Period 1 | $142,850,000 | $17,335,102 | $160,185,102 |
| 2022 | Year end | $150,750,000 | $18,513,967 | $169,263,967 |
| 2022 | Period 1 | $159,025,000 | $19,757,543 | $178,782,543 |
| 2021 | Year end | $167,685,000 | $21,068,840 | $188,753,840 |
| 2021 | Period 1 | $176,750,000 | $22,451,025 | $199,201,025 |
| 2020 | Year end | $186,240,000 | $23,907,421 | $210,147,421 |
| 2020 | Period 1 | $196,170,000 | $25,441,471 | $221,611,471 |
| 2019 | Year end | $206,560,000 | $27,056,770 | $233,616,770 |
| 2019 | Period 1 | $217,175,000 | $28,755,078 | $245,930,078 |
| 2018 | Year end | $227,090,000 | $30,530,922 | $257,620,922 |
| 2018 | Period 1 | $235,560,000 | $32,373,001 | $267,933,001 |
| 2017 | Year end | $242,375,000 | $34,268,374 | $276,643,374 |
| 2017 | Period 1 | $247,370,000 | $36,202,807 | $283,572,807 |
| 2016 | Year end | $249,705,000 | $38,155,500 | $287,860,500 |
| 2016 | Period 1 | $250,000,000 | $40,110,500 | $290,110,500 |
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: $364,989, or $1.46 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 | $0.04 |
| Bond counsel | Bracewell LLP | One time | $125,000.00 | $0.50 |
| Co bond counsel | Lannen & Oliver PC | One time | $30,365.00 | $0.12 |
| Co underwriter counsel (paid by the underwriter) | Mahomes Bolden & Warren PC | One time | $5,000.00 | $0.02 |
| Financial advisor | George K Baum & Co | One time | $87,500.00 | $0.35 |
| Liquidity provider counsel | King & Spalding LLP | One time | Not reported | |
| Liquidity provider foreign counsel | Juergen Necker | One time | Not reported | |
| Other costs | Not reported | One time | $24,500.00 | $0.10 |
| Printing | Financial Printing Resources Inc | One time | $1,124.00 | $0.00 |
| Rating agency | Moodys | One time | $20,000.00 | $0.08 |
| Rating agency | S&P | One time | Not reported | |
| Underwriter's spread: expenses | Not reported | One time | $37,000.00 | $0.15 |
| Underwriter's counsel (paid by the underwriter) | Andrews & Kurth LLP | One time | $25,000.00 | $0.10 |
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.