Debt Transparency

The Debt Obligations Transparency page contains information required by the Texas Comptroller of Public Accounts to qualify for the comptroller’s Transparency Stars program. This information will provide a broader understanding of the HCRMA’s finances.

Debt Information Summary

The 84th 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 in providing reliable, timely and transparent information about its outstanding debt to the citizens of the county. Presently, the Authority has four outstanding revenue bonds: senior lien revenue and refunding bond series 2013, a junior lien revenue bond series 2016A, and bond series 2020, issued during 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 sole bond holder of the junior lien is the State of Texas-Department of Transportation. The junior lien revenue bond was issued December 1, 2016. The first interest payment is due 2021 in the amount of $409,106 and the first principal payment is due 2026 in the amount of $210,000. At the end of its term, the Authority would pay $3,377,510.34 of accreted principal.

This summary provides a total overview of its outstanding revenue debt obligation at the end of December 31, 2020:

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.
       2021 | 2020 | 2019
Debt Data in Adopted Budgets
       2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013
Downloadable Data
       2020 | 2019

Other Information

Texas Comptroller of Public Accounts Debt at a Glance
Bond Review Board Local Government Debt Data



Our Purpose

The Hidalgo County Regional Mobility Authority was created to be a proactive partner empowering our community to address our congestion and mobility concerns through local means with local leadership.

Contact Us

203 W. Newcombe Ave
Pharr, Texas 78577 (Map)
Mon-Fri: 8:00am-12:00pm | 1:00pm-5:00pm

Administration
Phone: 956.402.4762
Fax: 956.468.2176

Construction Division
Phone: 956.402.4763

contact@hcrma.net