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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."

To date the Texas Bond Review Board has approved issuance of HIGO bonds in the aggregate principal amount not to exceed $2.5 billion.

HIGO Bond Series

Series CUSIP Base No. Par Amount Issued
Fitch

Moody's

S&P
Official Statement
2012-A 882722 $818,635,000 AAA Aaa AA+ HIGO Bond Series 2012 - A - PDF
2012-B* 882722 $99,570,000
AAA Aaa AA+ HIGO Bond Series 2012 - B - PDF
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 Bonds         ** = Taxable Build America Bonds

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