Notice of Intent to Issue Debt Due for November 21, 2024 Board Meeting
Notice of Intent to Issue Debt Due for November 21, 2024 Board Meeting
November 2024 (FY25) Monthly Meeting
The Texas Bond Review Board, created in 1987, is composed of the Governor, Lieutenant Governor, Speaker of the House of Representatives, and the Comptroller of Public Accounts. The legal authority of the agency is in Chapter 1231 and Chapter 1372 of the Texas Government Code. The agency’s mission is to ensure that debt financing is used prudently to meet Texas infrastructure needs and other public purposes, to support and enhance the debt issuance and management functions of state and local entities, and to administer the allocation of state private activity bonds.
The Texas BRB Data Center is an informative and educational tool for decision-makers and the general public to learn more about state and local government debt in Texas.
The BRB publishes all reported state and local debt on the Texas Open Data Portal.
The BRB received an Exempt Issuer Notice of Intent Application for the following:
Texas Natural Gas Securitization Finance Corporation Customer Rate Relief Bonds Taxable Series 2022
For questions regarding exempt applications, please email Bond Review Board Staff
November 2024 (FY25) Monthly Meeting
With the exception of Tax Revenue Anticipation Notes, State Highway Fund Revenue Anticipation Notes, Permanent University Fund issuances and non-general obligation issuances by university systems that have an unenhanced long-term rating of at least AA- or its equivalent, the Texas Bond Review Board (BRB) is responsible for the approval of all state debt issues and lease purchases with an initial principal amount of greater than $250,000 or a term of longer than five years.
Certain state securities may be exempted from having to appear before the Board for formal approval. Click here to view a list of exemptions per Texas Administrative Code, Chapter 181.9.
If the transaction qualifies as exempt, click here to proceed to the Notice of Intent Application for Exempt Issuers. Once a completed Notice of Intent Application has been received, the transaction will be reviewed by the Board during its six business day review period.
If the transaction does not qualify as exempt, a formal application must be submitted, preceded by a Notice of Intent to Issue Debt. Click here to complete the Notice of Intent Application for Non-exempt Issuers. Once notified of your intent to issue debt, the Board Staff will place the item on the Agenda for the next scheduled Board Meeting.
The lottery submission period is from October 5th-20th, 2024. However, only submit completed applications during normal business hours (Monday-Friday, 8:00AM-5:00PM CST). The Lottery for the 2025 Program Year will be held in early to mid-November 2024. Sec. 1372.028(b) Please note: The State Ceiling, Subceiling, and set-aside amounts for the 2025 Program Year will not be […]
Throughout Texas Government Code 1372 and Texas Administrative Code 190, there are several important dates that impact the program. BRB Staff has prepared a schedule detailing the various important dates.
Email: [email protected]
Phone: (512) 463-1741
Fax: (512) 475-4802
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