Opened file
Texas
Same nine questions as every other state. Answers are filled only where this state’s own statute or financial report is attached.
Decision instrument
The state may not create a debt except for a shortfall of not more than $200,000, a war, or a purpose the constitution already allows. Any other debt needs a proposition the voters approve.
What public act authorizes the borrowing, and where is the purpose and the first-year cost written down? Texas Constitution, Article III, Section 49. Two-thirds of each house calls the election. A majority of those voting has to approve. The proposition has to state the amount, the purpose, and the source of payment. A separate limit, Section 49-j, says the legislature may not authorize more debt if the resulting annual debt service, on debt designed to be paid from general revenue, would exceed 5% of the average general revenue of the three preceding years. Revenue that the constitution dedicates to something else is left out of that average. Full-faith bonds that are set up to be paid from another source are outside the 5% test until they actually draw on general revenue. The annual report does not print that three-year average or the unused room under the 5% test.
Debt statement
No Annual Debt Statement of the New Jersey kind.
What yearly filing states gross debt, deductions, and how close the issuer is to its limit? State debt is in the annual report for the year ended August 31, 2025, Note 6. Local debt is in the Bond Review Board’s local report for the same year. County dollar rows are not attached.
Debt limit
A county bond for roads, water, or flood control stops at one-fourth of the assessed value of real property. Road bonds need a majority of the votes. The broader purposes need two-thirds.
What cap binds a county or a city, and is the state's own ceiling a different rule? Constitution, Article III, Section 52. A city’s total bonded debt may not pass the other limits in the constitution. This section does not state a single city percentage. The Bond Review Board’s local report says tax-supported local debt generally needs a vote, except certificates of obligation, tax notes, certain school maintenance notes, and certain time warrants. As of August 31, 2025, Table 1.1 of that report shows $368.886 billion of local debt. Of that, $257.023 billion is tax-supported and $111.863 billion is revenue debt. The summary at the front of the same report prints $368.30 billion. Those two figures are not treated as one number.
Conflict rule
A state board member with a personal or private interest has to disclose it and may not vote. A local official’s substantial interest starts at 10% of a business, or $15,000 of its value, or 10% of the official’s income.
Which ethics statute covers local officers, what counts as an interest, and who is left out? Government Code § 572.058, and Local Government Code § 171.002. The state section uses the same meaning of personal interest as the rule for legislators. Being in the same trade as everyone else in that trade is not, by itself, a private interest. A local official also has a substantial interest in real property worth $2,500 or more. A parent, child, or spouse’s interest counts as the official’s.
Geography
Two hundred fifty-four counties.
What is the county-equivalent, and which cities, schools, and authorities must not be pasted onto that row? Census county codes 48001 through 48507. County seats are not in the financial report, so they are not filled in. Cities, school districts, and special districts also borrow. Dollar rows stay blank.
Primary money record
General obligation bond principal: $16.213 billion. Principal plus the net premium is $16.941 billion.
Which audited report is the state's own number, and as of what date? Annual report, Note 6, August 31, 2025, in thousands. Governmental general obligation principal is $12,187,835. A governmental direct placement adds $254,105 of principal. Business-type general obligation principal is $3,759,836. A business-type direct placement adds $11,720. Together that is $16,213,496. Net premium is $727,961. Principal plus that premium is $16,941,457. The discussion rounds this to $16.9 billion and says it fell $454.4 million from the year before. About $14.907 billion more is authorized and unissued. Of that, $11.843 billion is self-supporting and $3.064 billion is not.
Who pays the coupon
In fiscal 2026 these bonds need $962.841 million of principal and $624.774 million of interest. Not all of that is a draw on general revenue.
Which fund, tax, or rate is actually pledged — not which new store might show up later? Note 6, Table 6C and Table 6D. Governmental bonds need $671.290 million of principal and $505.107 million of interest. The governmental direct placement needs $12.705 million of interest and no principal that year. Business-type bonds need $286.211 million of principal and $106.336 million of interest, plus a direct placement of $5.340 million of principal and $0.626 million of interest. The discussion says debt service paid from the general revenue fund in fiscal 2025, the year just ended, was $715.8 million. That is a different year and a different cut.
Other obligors
Revenue bond balances, as the note carries them, are $48.637 billion. Do not add them to the $16.213 billion.
Which authorities and districts borrow beside the state and must not be added to its total? Note 6. That $48.637 billion includes premium. The discussion rounds it to $48.6 billion. Each series is paid from the revenue named in its own resolution. Component-unit revenue bonds are another $3.540 billion. Permanent University Fund bonds are limited to 20% of the fund’s cost value for the University of Texas System and 10% for Texas A&M. The note’s table shows those limits at $6.793 billion and $3.397 billion, with $3.006 billion and $1.503 billion outstanding. Those bonds are secured by fund investment income, not by a general-fund pledge, and they are not added to the $16.213 billion.
Book-entry wall
Cede & Co., at the Depository Trust Company.
Who is the registered owner on ordinary public paper? Series-level confirmation still waits on that official statement. Beneficial owners stay unnamed.
254 counties. Dollars blank.
Names and codes are on the record. No local debt total is attached, so none is printed.
- Anderson CountySeat: Not on this record48001Not proven
- Andrews CountySeat: Not on this record48003Not proven
- Angelina CountySeat: Not on this record48005Not proven
- Aransas CountySeat: Not on this record48007Not proven
- Archer CountySeat: Not on this record48009Not proven
- Armstrong CountySeat: Not on this record48011Not proven
- Atascosa CountySeat: Not on this record48013Not proven
- Austin CountySeat: Not on this record48015Not proven
- Bailey CountySeat: Not on this record48017Not proven
- Bandera CountySeat: Not on this record48019Not proven
- Bastrop CountySeat: Not on this record48021Not proven
- Baylor CountySeat: Not on this record48023Not proven
- Bee CountySeat: Not on this record48025Not proven
- Bell CountySeat: Not on this record48027Not proven
- Bexar CountySeat: Not on this record48029Not proven
- Blanco CountySeat: Not on this record48031Not proven
- Borden CountySeat: Not on this record48033Not proven
- Bosque CountySeat: Not on this record48035Not proven
- Bowie CountySeat: Not on this record48037Not proven
- Brazoria CountySeat: Not on this record48039Not proven
- Brazos CountySeat: Not on this record48041Not proven
- Brewster CountySeat: Not on this record48043Not proven
- Briscoe CountySeat: Not on this record48045Not proven
- Brooks CountySeat: Not on this record48047Not proven
- Brown CountySeat: Not on this record48049Not proven
- Burleson CountySeat: Not on this record48051Not proven
- Burnet CountySeat: Not on this record48053Not proven
- Caldwell CountySeat: Not on this record48055Not proven
- Calhoun CountySeat: Not on this record48057Not proven
- Callahan CountySeat: Not on this record48059Not proven
- Cameron CountySeat: Not on this record48061Not proven
- Camp CountySeat: Not on this record48063Not proven
- Carson CountySeat: Not on this record48065Not proven
- Cass CountySeat: Not on this record48067Not proven
- Castro CountySeat: Not on this record48069Not proven
- Chambers CountySeat: Not on this record48071Not proven
- Cherokee CountySeat: Not on this record48073Not proven
- Childress CountySeat: Not on this record48075Not proven
- Clay CountySeat: Not on this record48077Not proven
- Cochran CountySeat: Not on this record48079Not proven
- Coke CountySeat: Not on this record48081Not proven
- Coleman CountySeat: Not on this record48083Not proven
- Collin CountySeat: Not on this record48085Not proven
- Collingsworth CountySeat: Not on this record48087Not proven
- Colorado CountySeat: Not on this record48089Not proven
- Comal CountySeat: Not on this record48091Not proven
- Comanche CountySeat: Not on this record48093Not proven
- Concho CountySeat: Not on this record48095Not proven
- Cooke CountySeat: Not on this record48097Not proven
- Coryell CountySeat: Not on this record48099Not proven
- Cottle CountySeat: Not on this record48101Not proven
- Crane CountySeat: Not on this record48103Not proven
- Crockett CountySeat: Not on this record48105Not proven
- Crosby CountySeat: Not on this record48107Not proven
- Culberson CountySeat: Not on this record48109Not proven
- Dallam CountySeat: Not on this record48111Not proven
- Dallas CountySeat: Not on this record48113Not proven
- Dawson CountySeat: Not on this record48115Not proven
- Deaf Smith CountySeat: Not on this record48117Not proven
- Delta CountySeat: Not on this record48119Not proven
- Denton CountySeat: Not on this record48121Not proven
- DeWitt CountySeat: Not on this record48123Not proven
- Dickens CountySeat: Not on this record48125Not proven
- Dimmit CountySeat: Not on this record48127Not proven
- Donley CountySeat: Not on this record48129Not proven
- Duval CountySeat: Not on this record48131Not proven
- Eastland CountySeat: Not on this record48133Not proven
- Ector CountySeat: Not on this record48135Not proven
- Edwards CountySeat: Not on this record48137Not proven
- Ellis CountySeat: Not on this record48139Not proven
- El Paso CountySeat: Not on this record48141Not proven
- Erath CountySeat: Not on this record48143Not proven
- Falls CountySeat: Not on this record48145Not proven
- Fannin CountySeat: Not on this record48147Not proven
- Fayette CountySeat: Not on this record48149Not proven
- Fisher CountySeat: Not on this record48151Not proven
- Floyd CountySeat: Not on this record48153Not proven
- Foard CountySeat: Not on this record48155Not proven
- Fort Bend CountySeat: Not on this record48157Not proven
- Franklin CountySeat: Not on this record48159Not proven
- Freestone CountySeat: Not on this record48161Not proven
- Frio CountySeat: Not on this record48163Not proven
- Gaines CountySeat: Not on this record48165Not proven
- Galveston CountySeat: Not on this record48167Not proven
- Garza CountySeat: Not on this record48169Not proven
- Gillespie CountySeat: Not on this record48171Not proven
- Glasscock CountySeat: Not on this record48173Not proven
- Goliad CountySeat: Not on this record48175Not proven
- Gonzales CountySeat: Not on this record48177Not proven
- Gray CountySeat: Not on this record48179Not proven
- Grayson CountySeat: Not on this record48181Not proven
- Gregg CountySeat: Not on this record48183Not proven
- Grimes CountySeat: Not on this record48185Not proven
- Guadalupe CountySeat: Not on this record48187Not proven
- Hale CountySeat: Not on this record48189Not proven
- Hall CountySeat: Not on this record48191Not proven
- Hamilton CountySeat: Not on this record48193Not proven
- Hansford CountySeat: Not on this record48195Not proven
- Hardeman CountySeat: Not on this record48197Not proven
- Hardin CountySeat: Not on this record48199Not proven
- Harris CountySeat: Not on this record48201Not proven
- Harrison CountySeat: Not on this record48203Not proven
- Hartley CountySeat: Not on this record48205Not proven
- Haskell CountySeat: Not on this record48207Not proven
- Hays CountySeat: Not on this record48209Not proven
- Hemphill CountySeat: Not on this record48211Not proven
- Henderson CountySeat: Not on this record48213Not proven
- Hidalgo CountySeat: Not on this record48215Not proven
- Hill CountySeat: Not on this record48217Not proven
- Hockley CountySeat: Not on this record48219Not proven
- Hood CountySeat: Not on this record48221Not proven
- Hopkins CountySeat: Not on this record48223Not proven
- Houston CountySeat: Not on this record48225Not proven
- Howard CountySeat: Not on this record48227Not proven
- Hudspeth CountySeat: Not on this record48229Not proven
- Hunt CountySeat: Not on this record48231Not proven
- Hutchinson CountySeat: Not on this record48233Not proven
- Irion CountySeat: Not on this record48235Not proven
- Jack CountySeat: Not on this record48237Not proven
- Jackson CountySeat: Not on this record48239Not proven
- Jasper CountySeat: Not on this record48241Not proven
- Jeff Davis CountySeat: Not on this record48243Not proven
- Jefferson CountySeat: Not on this record48245Not proven
- Jim Hogg CountySeat: Not on this record48247Not proven
- Jim Wells CountySeat: Not on this record48249Not proven
- Johnson CountySeat: Not on this record48251Not proven
- Jones CountySeat: Not on this record48253Not proven
- Karnes CountySeat: Not on this record48255Not proven
- Kaufman CountySeat: Not on this record48257Not proven
- Kendall CountySeat: Not on this record48259Not proven
- Kenedy CountySeat: Not on this record48261Not proven
- Kent CountySeat: Not on this record48263Not proven
- Kerr CountySeat: Not on this record48265Not proven
- Kimble CountySeat: Not on this record48267Not proven
- King CountySeat: Not on this record48269Not proven
- Kinney CountySeat: Not on this record48271Not proven
- Kleberg CountySeat: Not on this record48273Not proven
- Knox CountySeat: Not on this record48275Not proven
- Lamar CountySeat: Not on this record48277Not proven
- Lamb CountySeat: Not on this record48279Not proven
- Lampasas CountySeat: Not on this record48281Not proven
- La Salle CountySeat: Not on this record48283Not proven
- Lavaca CountySeat: Not on this record48285Not proven
- Lee CountySeat: Not on this record48287Not proven
- Leon CountySeat: Not on this record48289Not proven
- Liberty CountySeat: Not on this record48291Not proven
- Limestone CountySeat: Not on this record48293Not proven
- Lipscomb CountySeat: Not on this record48295Not proven
- Live Oak CountySeat: Not on this record48297Not proven
- Llano CountySeat: Not on this record48299Not proven
- Loving CountySeat: Not on this record48301Not proven
- Lubbock CountySeat: Not on this record48303Not proven
- Lynn CountySeat: Not on this record48305Not proven
- McCulloch CountySeat: Not on this record48307Not proven
- McLennan CountySeat: Not on this record48309Not proven
- McMullen CountySeat: Not on this record48311Not proven
- Madison CountySeat: Not on this record48313Not proven
- Marion CountySeat: Not on this record48315Not proven
- Martin CountySeat: Not on this record48317Not proven
- Mason CountySeat: Not on this record48319Not proven
- Matagorda CountySeat: Not on this record48321Not proven
- Maverick CountySeat: Not on this record48323Not proven
- Medina CountySeat: Not on this record48325Not proven
- Menard CountySeat: Not on this record48327Not proven
- Midland CountySeat: Not on this record48329Not proven
- Milam CountySeat: Not on this record48331Not proven
- Mills CountySeat: Not on this record48333Not proven
- Mitchell CountySeat: Not on this record48335Not proven
- Montague CountySeat: Not on this record48337Not proven
- Montgomery CountySeat: Not on this record48339Not proven
- Moore CountySeat: Not on this record48341Not proven
- Morris CountySeat: Not on this record48343Not proven
- Motley CountySeat: Not on this record48345Not proven
- Nacogdoches CountySeat: Not on this record48347Not proven
- Navarro CountySeat: Not on this record48349Not proven
- Newton CountySeat: Not on this record48351Not proven
- Nolan CountySeat: Not on this record48353Not proven
- Nueces CountySeat: Not on this record48355Not proven
- Ochiltree CountySeat: Not on this record48357Not proven
- Oldham CountySeat: Not on this record48359Not proven
- Orange CountySeat: Not on this record48361Not proven
- Palo Pinto CountySeat: Not on this record48363Not proven
- Panola CountySeat: Not on this record48365Not proven
- Parker CountySeat: Not on this record48367Not proven
- Parmer CountySeat: Not on this record48369Not proven
- Pecos CountySeat: Not on this record48371Not proven
- Polk CountySeat: Not on this record48373Not proven
- Potter CountySeat: Not on this record48375Not proven
- Presidio CountySeat: Not on this record48377Not proven
- Rains CountySeat: Not on this record48379Not proven
- Randall CountySeat: Not on this record48381Not proven
- Reagan CountySeat: Not on this record48383Not proven
- Real CountySeat: Not on this record48385Not proven
- Red River CountySeat: Not on this record48387Not proven
- Reeves CountySeat: Not on this record48389Not proven
- Refugio CountySeat: Not on this record48391Not proven
- Roberts CountySeat: Not on this record48393Not proven
- Robertson CountySeat: Not on this record48395Not proven
- Rockwall CountySeat: Not on this record48397Not proven
- Runnels CountySeat: Not on this record48399Not proven
- Rusk CountySeat: Not on this record48401Not proven
- Sabine CountySeat: Not on this record48403Not proven
- San Augustine CountySeat: Not on this record48405Not proven
- San Jacinto CountySeat: Not on this record48407Not proven
- San Patricio CountySeat: Not on this record48409Not proven
- San Saba CountySeat: Not on this record48411Not proven
- Schleicher CountySeat: Not on this record48413Not proven
- Scurry CountySeat: Not on this record48415Not proven
- Shackelford CountySeat: Not on this record48417Not proven
- Shelby CountySeat: Not on this record48419Not proven
- Sherman CountySeat: Not on this record48421Not proven
- Smith CountySeat: Not on this record48423Not proven
- Somervell CountySeat: Not on this record48425Not proven
- Starr CountySeat: Not on this record48427Not proven
- Stephens CountySeat: Not on this record48429Not proven
- Sterling CountySeat: Not on this record48431Not proven
- Stonewall CountySeat: Not on this record48433Not proven
- Sutton CountySeat: Not on this record48435Not proven
- Swisher CountySeat: Not on this record48437Not proven
- Tarrant CountySeat: Not on this record48439Not proven
- Taylor CountySeat: Not on this record48441Not proven
- Terrell CountySeat: Not on this record48443Not proven
- Terry CountySeat: Not on this record48445Not proven
- Throckmorton CountySeat: Not on this record48447Not proven
- Titus CountySeat: Not on this record48449Not proven
- Tom Green CountySeat: Not on this record48451Not proven
- Travis CountySeat: Not on this record48453Not proven
- Trinity CountySeat: Not on this record48455Not proven
- Tyler CountySeat: Not on this record48457Not proven
- Upshur CountySeat: Not on this record48459Not proven
- Upton CountySeat: Not on this record48461Not proven
- Uvalde CountySeat: Not on this record48463Not proven
- Val Verde CountySeat: Not on this record48465Not proven
- Van Zandt CountySeat: Not on this record48467Not proven
- Victoria CountySeat: Not on this record48469Not proven
- Walker CountySeat: Not on this record48471Not proven
- Waller CountySeat: Not on this record48473Not proven
- Ward CountySeat: Not on this record48475Not proven
- Washington CountySeat: Not on this record48477Not proven
- Webb CountySeat: Not on this record48479Not proven
- Wharton CountySeat: Not on this record48481Not proven
- Wheeler CountySeat: Not on this record48483Not proven
- Wichita CountySeat: Not on this record48485Not proven
- Wilbarger CountySeat: Not on this record48487Not proven
- Willacy CountySeat: Not on this record48489Not proven
- Williamson CountySeat: Not on this record48491Not proven
- Wilson CountySeat: Not on this record48493Not proven
- Winkler CountySeat: Not on this record48495Not proven
- Wise CountySeat: Not on this record48497Not proven
- Wood CountySeat: Not on this record48499Not proven
- Yoakum CountySeat: Not on this record48501Not proven
- Young CountySeat: Not on this record48503Not proven
- Zapata CountySeat: Not on this record48505Not proven
- Zavala CountySeat: Not on this record48507Not proven