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 came 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, 2021:
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
2022 | 2021 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013
✔ Downloadable Data
2021 | 2020 | 2019
Other Information
✔ Texas Comptroller of Public Accounts Debt at a Glance
✔ Bond Review Board Local Government Debt Data