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Highway Improvement General Obligation (HIGO) Bonds

On Nov. 6, 2007, Texas voters approved a constitutional provision authorizing the Texas Transportation Commission to issue general obligation bonds of the State of Texas in an aggregate principal amount not to exceed $5 billion to fund transportation improvement projects. The general obligation bonds include the Highway Improvement General Obligation, or "HIGO Bonds," also known as the Proposition 12, or "Prop 12 Bonds."

On July 30, 2010, the Texas Bond Review Board approved issuance of HIGO Bonds in the aggregate principal amount not to exceed $3 billion. The HIGO Bonds are issued for the following purposes:

  1. To pay or reimburse the State Highway Fund for payment of all or part of the costs of highway improvement projects
  2. To pay the costs of administering highway improvement projects and the costs of the issuance of the bonds.

HIGO Bond Series

Series CUSIP Base No. Par Amount Issued
Fitch

Moody's

S&P
Official Statement
2010-A* 882722 $815,420,000 AAA Aaa AA+ HIGO Bond Series 2010-A and B - PDF
2010-B 882722 $162,390,000 AAA Aaa AA+ HIGO Bond Series 2010-A and B - PDF

        Note: * = Taxable Build America Bonds

 More Information

  • Investor Relations - Main Page
  • Electronic Municipal Market Access
  • Most Recent State of Texas Comptroller's Bond Appendix