Texas Bond Review Board

Click Here  to view the Bonds 101 training presentation from January 29, 2025. 

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.

Texas BRB Data Center

The BRB publishes all reported state and local debt on the Texas Open Data Portal.    

Texas BRB Data Portal
BRB_Seal_CMYK

DEBT

Searchable Debt Databases
State Debt
Local Debt

BRB_Seal_CMYK

PAB

PAB Program Overview Program Rules
2026 Program Year
2027 Program Year
Additional PAB Resources
BRB_Seal_CMYK

PUBLICATIONS

State Publications
Local Publications
Agency Publications
Statewide Capital Planning
BRB_Seal_CMYK

FORMS

State Forms
Local Forms

Meetings and Agendas


Meeting Resources

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

State Debt Approval

Application Process

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.

 

Exempt Issuers Process

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.

 

Non-Exempt Issuers

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.

Additional Agency Information

Tell us how we are doing.

Link to Survey

Texas Bond Review Board Feedback

Someone, please give Jamie Backiel a raise!! I have spoken with Jamie by phone and email on several occasions, and she impresses me each and every time. She is always friendly and has a positive attitude. Her knowledge of the bond program, processes, laws, rules, etc., is outstanding. She is very patient and will explain anything to me that I am not able to wrap my mind around.
I have always enjoyed working with the Texas Bond Review Board. The staff is always courteous and knowledgeable. They have always been willing to work with us to make sure that we provide the information that is needed in support of our bond authority.
The BRB team has been extremely helpful to my team over the last several years. They are prompt, organized, and have easily understood what we have needed help with. We look forward to working with them again.
Appreciate keeping this info accessable and available to the public. Thanks!
The BRB staff are all super stars. (Rob, Jamie, Justin and others). I have worked with the BRB team on a regular basis for over 20 years (mostly on Private Activity Bonds), and have had nothing but positive experiences. They are all very knowledgeable, friendly, responsive, and also extremely helpful in answering questions. Their website is very organized and accessible. Really enjoy working with all of you.
Our main contact at the BRB for questions has been Jamie Backiel. She is always responsive and helpful when we have questions.
Each time we called, there was a response from the staff, and their guidance on the regulations were excellent.
Many thanks to the wonderful BRB and supporting staff!