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State issuers

24 state issuers (agencies, universities and statewide issuers) reported $77,051,105,337 of principal outstanding at the end of fiscal year 2025.

Do not add the Texas Public Finance Authority's own register to this total: its bonds, such as Texas Southern University 2023 ($71.57 million at 8/31/2026), are already in it.

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Top 10 state issuers by debt outstanding

Figures in the table below

Issuer ?Principal outstanding, FY 2025 ?Debt service outstanding ?Issues ?
University of Texas System$13,782,900,000$21,282,022,76143
Texas Transportation Commission$13,034,636,600$18,967,360,17127
Texas Water Development Board$12,077,545,000$20,056,563,15145
Texas A&M University System$5,444,341,019$7,598,874,62238
Texas Transportation Commission Grand Parkway Transportation Corporation$4,452,959,856$8,418,965,3155
Texas Public Finance Authority$4,138,935,000$5,387,011,88524
Texas Natural Gas Securitization Finance Corporation$3,308,860,171$4,684,152,2761
Texas Department of Housing and Community Affairs SF$3,301,468,300$6,489,388,19930
Texas Transportation Commission Private Activity Bond Surface Transportation Corporation$3,064,440,000$5,915,507,6115
Texas Veterans Land Board$3,017,050,000$3,686,908,71841
University of Houston System$1,825,795,000$2,633,718,89015
Texas Transportation Commission Transportation Finance Corporation$1,731,730,721$4,278,221,3701
Texas Department of Housing and Community Affairs MF$1,485,215,934$2,513,885,41669
Texas State University System$1,396,935,057$1,964,662,08511
Texas Higher Education Coordinating Board$1,394,475,000$1,975,920,45116
Texas Tech University System$1,112,927,000$1,575,280,6759
University of North Texas System$901,038,386$1,276,330,88413
Texas State Affordable Housing Corporation MF$536,090,022$945,701,70231
Texas State Technical College Two figures$418,026,195$662,229,1718
Texas Woman's University$218,425,000$289,670,75510
Stephen F. Austin State University$154,775,093$224,804,7476
Texas State Affordable Housing Corporation SF$144,085,000$275,762,8016
Texas Public Finance Authority Charter School Finance Corporation$106,300,000$136,578,2307
Midwestern State University Bonds not shown$2,150,983$2,150,9831

Debt figure not reported for 3 issuers:

Also on BRB's Data Center

EMMA links are added as each issue is matched.

Source: State Issuance Fee By Year (updated by the publisher 8/27/2026); Debt Outstanding By Issuance State By Year (updated by the publisher 10/6/2026). Loaded here 10/17/2026.

Texas fiscal years run September 1 to August 31.

Issuer names are shown as published, without source footnote letters.

Figures are as reported to the agency and have not been independently verified.