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Texas Veterans Land Board

State of Texas Veterans Bonds, Series 2017

$84,820,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
January 19, 2017
Fiscal year issued
2017
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, 2047

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$84,820,000$6,285,516$91,105,516
2025Period 1$91,715,000$6,824,341$98,539,341
2024Year end$98,945,000$7,405,643$106,350,643
2024Period 1$141,525,000$12,782,446$154,307,446
2023Year end$149,470,000$13,660,582$163,130,582
2023Period 1$157,790,000$14,587,599$172,377,599
2022Year end$166,510,000$15,565,845$182,075,845
2022Period 1$175,645,000$16,597,760$192,242,760
2021Year end$185,210,000$17,685,868$202,895,868
2021Period 1$195,230,000$18,832,845$214,062,845
2020Year end$205,720,000$20,041,450$225,761,450
2020Period 1$216,450,000$21,313,094$237,763,094
2019Year end$226,500,000$22,643,781$249,143,781
2019Period 1$235,115,000$24,025,082$259,140,082
2018Year end$242,090,000$25,447,361$267,537,361
2018Period 1$247,250,000$26,899,955$274,149,955
2017Year end$249,690,000$28,366,884$278,056,884
2017Period 1$250,000,000$29,835,634$279,835,634

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: $379,624, or $1.52 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$30,375.00$0.12
Co underwriter counsel (paid by the underwriter)Mahomes Bolden & Warren PCOne time$5,000.00$0.02
Financial advisorGeorge K Baum & CoOne time$87,500.00$0.35
Liquidity provider counselChapman & Cutler LLPOne time$25,000.00$0.10
Liquidity provider foreign counselYumoto Ota & MiyazakiOne time$1,655.00$0.01
PrintingFinancial Printing Resources IncOne time$1,094.00$0.00
Rating agencyMoodysOne time$20,000.00$0.08
Underwriter's spread: expensesNot reportedOne time$37,000.00$0.15
TEFRA noticeBracewell LLPOne time$12,500.00$0.05
Underwriter's counsel (paid by the underwriter)Locke Lord LLPOne 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.