Texas Bond Review Board
The Bond Review Board approves state debt, reports on the debt of Texas state and local governments, and administers the state's private activity bond allocation program.
What do you need to do?
Look up debt
Debt outstanding and issued for the state and for every local government that reports.
Apply for private activity bond allocation
How the program works, the lottery, program year dates and the weekly status.
Follow the Board
Meetings, agendas and minutes, and the Board's members.
File a report
Every report BRB receives, who files it, when it is due and how to send it.
Texas debt at a glance
More dataSource: Texas BRB Data Center, State Debt page, Debt Outstanding card
Source: Texas BRB Data Center, Local Debt page, Debt Issued card
Why two figures?
| Fiscal year 2025 | Data Center, shown here | BRB's report | Report |
|---|---|---|---|
| Local debt outstanding | $365.5 billion | $368.89 billion | BRB's 2025 Local Annual Report, Table 1.1 (PDF page 19) |
| State debt outstanding | $77.1 billion | $77.90 billion | BRB's 2026 Debt Affordability Study, page 5 |
Local debt outstanding: “$368.30 billion” in the Local Annual Report's executive summary and “$368.89 billion” in its Table 1.1. The Table 1.1 total includes about $3.4 billion of commercial paper and non-public debt from BRB's survey that the open data does not carry; the remaining bond-balance difference is about $18.6 million. This site shows the Data Center figures.
Meetings, deadlines and private activity bond status
Upcoming meetings
All meetings- Planning Session11/10/2026, 10:00 AM Central Time
- Board Meeting11/19/2026, 10:00 AM Central Time
- Planning Session Tentative1/12/2027, 10:00 AM Central Time
Sources captured 10/3/2026: BRB meetings page (11/10/2026, 11/19/2026); BRB calendar page, schedule rules (1/12/2027).
Private activity bonds
2026 results and statusComputed from BRB's totals
Source: BRB, 2026 PAB status summary (2026PABSUMMARY10.02.2026.xlsx)
Upcoming deadlines
All filings- PAB 2027 program year: lottery application cutoff10/20/2026 · PAB · 34 TAC 190.2; Gov't Code ch. 1372
- Notice of Intent to Issue Debt due for the November 19, 2026 Board Meeting10/23/2026 · State Debt · 34 TAC 181.2
- Debt Application due for the November 19, 2026 Board Meeting10/27/2026 · State Debt · 34 TAC 181.3(b); 181.4(c)
- PAB 2026 program year: last day to receive a reservation11/13/2026 · PAB · 34 TAC 190.2; Gov't Code ch. 1372
- Notice of Intent to Issue Debt due for the January 21, 2027 Board Meeting12/22/2026 · State Debt · Date set by rule (34 TAC 181.2); not yet on BRB's calendar.
Sources captured 10/3/2026: 2027 program year (10/20/2026); BRB calendar page, schedule rules (10/23/2026, 10/27/2026, 12/22/2026); 2026 program year (11/13/2026).
Programs
State Debt
How state agencies and universities get Board approval for debt and lease purchases, report each transaction after it closes, and plan capital spending.
Local Government Debt
What BRB does with local government debt, the databases and reports it publishes, and the forms local governments file.
Private Activity Bond Allocation Program
What private activity bonds are, why Texas allocates them, and where to find the program's rules, program years and resources.
The Board
Members and alternates- Executive Director Rob Latsha