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Texas Veterans Land Board

Veterans Bonds Txbl Ref Series 2024A

$133,405,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
August 29, 2024
Fiscal year issued
2024
Par amount
$135,000,000
New money / refunding
$0 / $135,000,000
Pledge
Tax-supported (general obligation)
Purpose
Refunding
Program
VLB Land and Housing Bonds
Sale
Negotiated
Final maturity
December 1, 2051

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$133,405,000$24,237,426$157,642,426
2025Period 1$135,000,000$29,781,919$164,781,919
2024Year end$135,000,000$30,619,710$165,619,710

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: $468,950, or $3.47 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$0.07
Bond counselBracewell LLPOne time$150,000.00$1.11
Financial advisorStifel Financial CorpOne time$125,000.00$0.93
Liquidity provider counselSquire Patton Boggs LLPOne time$13,200.00$0.10
PrintingFinancial Printing Resources IncOne time$250.00$0.00
Rating agencyMoodysOne time$28,000.00$0.21
Underwriter's spread: expenses (paid by the underwriter)Not reportedOne time$18,000.00$0.13
StructuringStifel Financial CorpOne time$95,000.00$0.70
Underwriter's counsel (paid by the underwriter)Norton Rose Fulbright US LLPOne time$30,000.00$0.22

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.