State issuer
Texas Water Development Board
$12,077,545,000 of principal outstanding on 45 issues at the end of fiscal year 2025.
Fiscal year 2025 at a glance
Principal outstanding
$12.08 billion
Fiscal year 2025
$12,077,545,000
Interest still to be paid
$7.98 billion
Fiscal year 2025
$7,979,018,151
Total debt service outstanding
$20.06 billion
Fiscal year 2025
$20,056,563,151
Issues outstanding
45
Fiscal year 2025
Debt outstanding by fiscal year
Download CSV| Fiscal year | Principal | Interest | Total debt service | Issues |
|---|---|---|---|---|
| 2025 | $12,077,545,000 | $7,979,018,151 | $20,056,563,151 | 45 |
| 2024 | $10,625,065,000 | $6,856,394,624 | $17,481,459,624 | 41 |
| 2023 | $9,983,500,000 | $6,389,851,151 | $16,373,351,151 | 41 |
| 2022 | $8,999,565,000 | $5,719,336,734 | $14,718,901,734 | 37 |
| 2021 | $8,234,514,000 | $5,416,231,220 | $13,650,745,220 | 35 |
| 2020 | $8,059,868,000 | $5,362,024,791 | $13,421,892,791 | 36 |
| 2019 | $7,122,232,000 | $4,870,927,733 | $11,993,159,733 | 34 |
| 2018 | $5,578,510,000 | $3,645,714,032 | $9,224,224,032 | 28 |
| 2017 | $3,714,925,000 | $2,257,659,818 | $5,972,584,818 | 27 |
| 2016 | $3,708,440,000 | $2,070,986,952 | $5,779,426,952 | 30 |
Issues outstanding, fiscal year 2025
Download CSV| Issue | Closed | Pledge | Purpose | Final maturity | Principal | Interest |
|---|---|---|---|---|---|---|
| State Water Implementation Revenue Fund For Texas Rev Bonds, Ser 2018B (Master Trust) | Oct 11, 2018 | Revenue | Water and sewer | Oct 15, 2053 | $1,488,600,000 | $1,009,431,295 |
| SWIRFT Rev Bonds Series 2024A (Master Trust) | Oct 10, 2024 | Revenue | Water and sewer | Aug 31, 2060 | $1,205,295,000 | $1,152,732,147 |
| SWIRFT Rev Bonds Ser 2023A (Master Trust) | Oct 12, 2023 | Revenue | Water and sewer | Oct 15, 2058 | $984,555,000 | $862,493,592 |
| State Water Implementation Revenue Fund For Texas Rev Bonds Ser 2022 (Master Trust) | Oct 13, 2022 | Revenue | Water and sewer | Oct 15, 2057 | $934,920,000 | $802,988,424 |
| State Water Implementation Revenue Fund for Texas Revenue Bonds, Series 2017A (Master Trust) | Oct 12, 2017 | Revenue | Water and sewer | Oct 15, 2052 | $867,275,000 | $505,694,859 |
| State Water Implementation Revenue Fund For Texas Rev Bonds Ser 2019A (Master Trust) | Oct 10, 2019 | Revenue | Water and sewer | Oct 15, 2054 | $780,005,000 | $485,352,500 |
| State Water Implementation Revenue Fund for Texas Revenue Bonds Series 2018A (Master Trust) | May 9, 2018 | Revenue | Water and sewer | Apr 15, 2048 | $678,570,000 | $393,481,800 |
| State Water Implementation Rev Funds for Texas Rev Bonds, Series 2015AB | Nov 4, 2015 | Revenue | Water and sewer | Aug 31, 2051 | $646,695,000 | $359,168,897 |
| State Water Implementation Revenue Fund For Texas Rev Bonds Ser 2020 (Master Trust) | Oct 8, 2020 | Revenue | Water and sewer | Oct 15, 2055 | $590,715,000 | $358,297,444 |
| State Water Implementation Rev Fund for Texas Rev Bonds Ser 2016 (Master Trust) | Oct 13, 2016 | Revenue | Water and sewer | Oct 15, 2051 | $527,535,000 | $321,543,056 |
| State Water Implementation Revenue Fund For Texas Rev Bonds Ser 2021 (Master Trust) | Oct 13, 2021 | Revenue | Water and sewer | Oct 15, 2056 | $438,995,000 | $307,497,494 |
| SWIRFT Series Txbl Series 2024B (Master Trust) | Oct 10, 2024 | Revenue | Water and sewer | Aug 31, 2055 | $362,465,000 | $321,082,659 |
| State Revolving Fund Rev Bonds New Ser 2021 | Nov 4, 2021 | Revenue | Water and sewer | Aug 1, 2041 | $332,405,000 | $101,522,613 |
| State Revolving Fund Rev Bonds New Ser 2020 | Jun 2, 2020 | Revenue | Water and sewer | Aug 1, 2040 | $284,945,000 | $96,432,550 |
| WFA Bonds, Series 2015D | Nov 24, 2015 | Tax-supported (general obligation) | Water and sewer | May 15, 2045 | $220,365,000 | $132,810,790 |
| SRF Rev Bonds New Ser 2022 | Jun 30, 2022 | Revenue | Water and sewer | Aug 1, 2043 | $214,680,000 | $108,380,313 |
| State Revolving Fund Revenue Bonds, New Series 2018 | Apr 26, 2018 | Revenue | Water and sewer | Aug 1, 2038 | $205,025,000 | $71,268,800 |
| SRF Rev Bonds New Ser 2025 | Apr 16, 2025 | Revenue | Pension obligations | Aug 1, 2046 | $183,810,000 | $117,254,000 |
| SRF Rev Bonds New Ser 2023 | May 25, 2023 | Revenue | Water and sewer | Aug 1, 2044 | $180,055,000 | $95,554,750 |
| State Revolving Fund Revenue Bonds, New Series 2019 | Apr 24, 2019 | Revenue | Water and sewer | Aug 1, 2039 | $161,030,000 | $61,089,000 |
| WFA Ref Bonds Ser 2021B | Sep 28, 2021 | Tax-supported (general obligation) | Refunding | Aug 1, 2038 | $126,070,000 | $21,872,094 |
| WFA Bonds Ser 2022A | May 10, 2022 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2046 | $87,945,000 | $47,888,250 |
| WFA Ref Bonds Ser 2022B | May 10, 2022 | Tax-supported (general obligation) | Refunding | Aug 1, 2041 | $73,550,000 | $48,575,500 |
| WFA Ref Bonds Ser 2025B | Aug 19, 2025 | Tax-supported (general obligation) | Refunding | Aug 1, 2039 | $69,120,000 | $37,000,450 |
| WFA Bonds Ser 2023C (EDAP) | Jul 6, 2023 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2042 | $56,860,000 | $23,511,950 |
| State of Texas GO Bonds, WFA Bonds, Ser 2017ABC | Jun 20, 2017 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2032 | $47,970,000 | $20,101,066 |
| WFA Bonds Ser 2019A (EDAP) | Feb 20, 2019 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2038 | $32,580,000 | $8,026,894 |
| WFA Ref Bonds Ser 2023B | Jul 6, 2023 | Tax-supported (general obligation) | Refunding | Aug 1, 2033 | $30,620,000 | $7,252,750 |
| State Water Implementation Revenue Fund For Texas Rev Bonds, Ser 2018C (Master Trust) | Oct 11, 2018 | Revenue | Water and sewer | Oct 15, 2048 | $29,480,000 | $16,271,309 |
| WFA Bonds Ser 2021A | Sep 28, 2021 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2046 | $28,010,000 | $10,006,988 |
| WFA and Ref Bonds, Series 2016BCD | Jul 14, 2016 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2035 | $27,165,000 | $7,641,281 |
| WFA Ref Bonds Ser 2025D (EDAP) | Aug 19, 2025 | Tax-supported (general obligation) | Refunding | Aug 1, 2035 | $24,305,000 | $6,585,488 |
| WFA Bonds Ser 2023D (Txbl) (EDAP) | Jul 6, 2023 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2042 | $22,255,000 | $9,813,775 |
| WFA Bonds Ser 2023A | Jul 6, 2023 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2048 | $19,930,000 | $14,054,750 |
| State Water Implementation Revenue Fund For Texas Rev Bonds Txbl Ser 2019B (Master Trust) | Oct 10, 2019 | Revenue | Water and sewer | Oct 15, 2049 | $19,635,000 | $8,173,487 |
| WFA Bonds, Series 2016A (EDAP) | Apr 19, 2016 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2035 | $16,265,000 | $2,769,713 |
| State Water Implementation Revenue Fund for Texas Revenue Bonds, Taxable Series 2017B (Master Trust) | Oct 12, 2017 | Revenue | Water and sewer | Oct 15, 2047 | $15,280,000 | $7,135,714 |
| WFA Ref Bonds Txbl Ser 2022D (SPP) | May 10, 2022 | Tax-supported (general obligation) | Refunding | Aug 1, 2035 | $14,615,000 | $3,232,090 |
| WFA Bonds Ser 2025C (EDAP) | Aug 19, 2025 | Tax-supported (general obligation) | Economic development | Aug 1, 2045 | $11,130,000 | $5,804,925 |
| WFA Ref Bonds Ser 2019D (State Participation Program) | Jun 20, 2019 | Tax-supported (general obligation) | Refunding | Aug 1, 2030 | $9,475,000 | $1,412,250 |
| WFA Ref Bonds Ser 2022C (EDAP) | May 10, 2022 | Tax-supported (general obligation) | Refunding | Aug 1, 2032 | $9,295,000 | $1,852,250 |
| GO WFA Bonds Ser 2015EFG | Jun 18, 2015 | Tax-supported (general obligation) | Water and sewer | Aug 1, 2035 | $6,240,000 | $575,780 |
| SWIRFT Rev Bonds Txbl Ser 2023B (Master Trust) | Oct 12, 2023 | Revenue | Water and sewer | Oct 15, 2053 | $4,850,000 | $4,877,564 |
| WFA Ref Bonds Ser 2021C (EDAP) | Sep 28, 2021 | Tax-supported (general obligation) | Refunding | Aug 1, 2029 | $4,710,000 | $369,850 |
| State of Texas GO Bonds, WFA Ref Bonds, Series 2015ABC | Feb 5, 2015 | Tax-supported (general obligation) | Refunding | Aug 1, 2029 | $2,250,000 | $135,000 |
Earlier issues
Issues last reported before fiscal year 2025: repaid, refunded or matured.
- WFA Ref Bonds Ser 2019F (EDAP) closed Jun 20, 2019; last reported fiscal year 2024
- WFA and Ref Bonds, Series 2018A closed Jan 25, 2018; last reported fiscal year 2024
- GO WFA Ref Bonds Ser 2013D(SPP), 2013E EDAP), Ser 2013F and 2013G closed date not reported; last reported fiscal year 2023
- GO WFA Ref Bonds Ser 2018B (Water Infrastructure Fund) closed Aug 2, 2018; last reported fiscal year 2023
- TWDB WFA Bonds Ser 2013B & WFA Ref Bonds Ser 2013C (6.13) closed date not reported; last reported fiscal year 2022
- WFA Bonds Ser 2019B (EDAP) (Taxable) closed Feb 20, 2019; last reported fiscal year 2022
- GO WFA Bonds Ser 2013A (WIF) closed date not reported; last reported fiscal year 2021
- TWDB WFA Series 2010D (EDAP) (9.10) closed date not reported; last reported fiscal year 2021
- TWDB WFA Ref Tax Bonds Ser 2012D (EDAP) and 2012E (SP) (4.12) closed date not reported; last reported fiscal year 2021
- TWDB WFA Bonds Ser 2012C (2.12) closed date not reported; last reported fiscal year 2021
- TWDB WFA Bonds Ser 2012F (EDAP) (7.12) closed date not reported; last reported fiscal year 2021
- TWDB WFA Bonds Ser 2012A (WIF) & 2012B (EDAP) (11.11) closed date not reported; last reported fiscal year 2021
- TWDB WFA Bonds, Ser 2011B (8.11) closed date not reported; last reported fiscal year 2021
- WFA Ref Bonds Ser 2019C closed Jun 20, 2019; last reported fiscal year 2021
- TWDB WFA Bonds, Ser 2011A (WIF) (11.10) closed date not reported; last reported fiscal year 2020
- WFA Ref Bonds Ser 2019E (WIF) closed Jun 20, 2019; last reported fiscal year 2020
- TWDB WFA Ref Bonds Ser 2009, Series 2009C1, C2 and D (5.09) closed date not reported; last reported fiscal year 2019
- TWDB WFA Series 2010A (3.10) closed date not reported; last reported fiscal year 2018
- TWDB WFA Series 2010B (WIF) & Ser 2010C (SP) (3.10) closed date not reported; last reported fiscal year 2018
- TWDB WFA Bonds, Ser 2009E (WIF) and 2009F (EDAP) (11.09) closed date not reported; last reported fiscal year 2018
- TWDB WFA Bonds, Ser 2009 Subseries 2009B (WIF) (1.09) closed date not reported; last reported fiscal year 2017
- TWDB WFA Bonds, Series 2009, Subseries 2009-A (WIF) (1/09) closed date not reported; last reported fiscal year 2017
- TWDB TWFA 2008A (WIF) (04/08) closed date not reported; last reported fiscal year 2017
- TWDB GO WFA Ref Bonds Ser 2008B & WFA Bonds Ser 2008C (EDAP) closed date not reported; last reported fiscal year 2017
- TWDB SRF Sub Lien Rev and Ref Bonds, Ser 2009A-1 and A-2 (7.09) closed date not reported; last reported fiscal year 2017
- TWDB WFA Ser 2007B (SPP) & WFA Ser 2007C (EDAP) (7/07) closed date not reported; last reported fiscal year 2016
- TWDB GO WFA 2007D (AMT) (09.07) EXEMPT closed date not reported; last reported fiscal year 2016
- TWDB Sub Lien Rev Bonds Ser 2008A (11/07) closed date not reported; last reported fiscal year 2016
- TWDB CWSRF Sub Lien Series 2008B (06/08) closed date not reported; last reported fiscal year 2016
- TWDB GO WFA Ref Ser 2007A (07/07) EXEMPT closed date not reported; last reported fiscal year 2016
Other issues
Issues with no balance reported at a fiscal year end, such as those known only from their costs of issuance.
- State Revolving Fund Rev Ref Bonds Ser 2013A closed date not reported
- TWDB WDB Ser 2001A&B/WFA Ser 2001A-C closed date not reported
- TWDB WFA & Ref Bonds, Ser 2003B-D (5/03) closed date not reported
- TWDB WFA & Ref Bonds, Ser 2004B EXEMPT (4/04) closed date not reported
- TWDB WFA & Ref Bonds, Ser 2005AB EXEMPT (6/05) closed date not reported
- TWDB WFA Ref Ser 2005C EDAP (11/05) closed date not reported
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.