Debt Obligations Transparency Star
The Debt Transparency Star is a recognition awarded by the Texas Comptroller of Public Accounts. It highlights local governments that go beyond basic reporting requirements by providing clear, accessible information about their debt obligations. Through this program, the Hidalgo County Regional Mobility Authority demonstrates its commitment to open government by showing the public how debt is managed, how repayment is structured, and how these obligations support transportation projects that benefit the community.
Debt Information Summary
The 84 th Legislature passed HB 1378 to increase the transparency of local government debt. Under Local Government Code Sec. 140.008, political subdivisions, including counties, cities, school districts, junior college districts, special purpose districts, and other subdivisions of state government, must annually compile their debt obligation data from preceding year.
The Authority is committed to providing reliable, timely and transparent information about its outstanding debt to the citizens of the county. Presently, the Authority has four outstanding revenue bonds: bond series 2020, was issued September 1, 2020. The bond series 2020 consisted of two bonds: a tax-exempt series 2020A and a taxable series 2020B. The taxable series was a partial advance refunding of the series 2013 bond, which resulted in $6,540,415 in present value savings. The remining principal balance of $1,425,000 related to the 2013 bonds was paid off at the end of 2023. On January 20, 2022, the Authority issued two additional bonds series 2022A and series 2022B. The purpose of the 2022A series was to begin construction of phase 1 and phase 2 of the 365 Toll Road. The 2022B series was to fully repay the Junior Lien Bond Series 2016A and provide additional funding for the 365 Toll Road.
This summary provides a total overview of its outstanding revenue debt obligation at the end of December 31, 2024:
| Issuance | Amount Outstanding | (1) Per Capita | Bond Rating |
|---|---|---|---|
| Senior Lien Vehicle Registration Fee Revenue Bonds, Series 2020A | $9,870,000 | Revenue Supported | S&P AA- |
| Senior Lien Vehicle Registration Fee Revenue Refunding Bonds, Series 2020B | $53,260,000 | Revenue Supported | S&P AA- |
| Senior Lien Toll and Vehicle Registration Fee Revenue Bonds, Series 2022A | $151,550,345 | Revenue Supported | S&P BBB Moody’s Baa2 |
| Junior Lien Toll and Vehicle Registration Fee Revenue Bond & Refunding Bonds, Series 2022B | $63,384,707 | Revenue Supported | S&P BBB Moody’s Baa3 |
| Total Bonds Outstanding | $278,665,052 |
- The Authority does not have any lease-purchase or lease-revenue obligations.
- The Authority has no taxing power. The Authority, with its financial advisor, determines the issuance and amounts necessary to complete its 365 Toll Project, which is currently under construction. The Authority does not advertise when a revenue bond is issued. Most of the existing bonds were issued for: toll construction and/or refunding bonds.
- There is no planned bond election for the upcoming year.
Visualizations
Historical Trends
Five Year Inflation Adjusted Revenue-Supported Debt Per Capita
Debt-Related Information
Local Annual Debt Report – Created in compliance with Local Government Code §140.008.
2024
Access Documents2023
2022
2021
2020
Debt Data Report
2025
2024
2023
2022
2021
Downloadable Data
2024
2023
2022
2021
