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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+
2012-B* 882722 $99,570,000
AAA Aaa AA+
2010-A** 882722 $815,420,000 AAA Aaa AA+
2010-B 882722 $162,390,000 AAA Aaa AA+

        Note: * = Taxable Bonds         ** = Taxable Build America Bonds
 
Disclaimer
 
Each document contained in this section of the Commission website is marked with a Dated Date and speaks only as of that Dated Date. Except as otherwise disclosed in any Official Statement or other document, the Commission expressly disclaims any duty to update any document (or any portion of any document) contained in this section. The information and documents in this section are provided for informational purposes only, and must not be considered to be an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.  

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