State Water Implementation Revenue Fund For Texas Rev Bonds Ser 2022 (Master Trust)
$934,920,000 of principal outstanding at the end of fiscal year 2025.
Terms
- Closing date
- October 13, 2022
- Fiscal year issued
- 2023
- Par amount
- $961,850,000
- New money / refunding
- $961,850,000 / $0
- Pledge
- Revenue
- Purpose
- Water and sewer
- Program
- TWDB SWIRFT Bonds
- Sale
- Negotiated
- Final maturity
- October 15, 2057
Debt outstanding by fiscal year
Download CSV| Fiscal year | Period | Principal | Interest | Total debt service |
|---|---|---|---|---|
| 2025 | Year end | $934,920,000 | $802,988,424 | $1,737,908,424 |
| 2025 | Period 1 | $940,620,000 | $825,806,766 | $1,766,426,766 |
| 2024 | Year end | $947,140,000 | $848,788,109 | $1,795,928,109 |
| 2024 | Period 1 | $951,855,000 | $871,887,326 | $1,823,742,326 |
| 2023 | Year end | $956,850,000 | $895,111,419 | $1,851,961,419 |
| 2023 | Period 1 | $961,850,000 | $918,719,946 | $1,880,569,946 |
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: $3,984,844, or $4.14 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 | $0.01 |
| Bond counsel | McCall Parkhurst & Horton LLP | One time | $181,000.00 | $0.19 |
| Disclosure counsel | Bracewell LLP | One time | $50,000.00 | $0.05 |
| Financial advisor | Hilltop Securities Inc | One time | $264,337.20 | $0.27 |
| Other costs | Not reported | One time | $13,608.00 | $0.01 |
| Other costs | BondLink Inc | One time | $37,855.50 | $0.04 |
| Printing | Hilltop Securities Inc | One time | $7,500.00 | $0.01 |
| Printing | ImageMaster LLC | One time | $7,253.22 | $0.01 |
| Rating agency | Fitch | One time | $95,000.00 | $0.10 |
| Rating agency | S&P | One time | $139,187.00 | $0.14 |
| Underwriter's spread: expenses | Not reported | One time | $194,103.51 | $0.20 |
| Underwriter's spread: takedown | Not reported | One time | $2,834,181.75 | $2.95 |
| Trustee | Bank of New York Mellon Trust Co | One time | $86,318.00 | $0.09 |
| Underwriter's counsel (paid by the underwriter) | Orrick Herrington & Sutcliffe LLP | One time | $65,000.00 | $0.07 |
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.