With the exception of Tax Revenue Anticipation Notes, State Highway Fund Revenue Anticipation Notes, Permanent University Fund issuances
and non-general obligation issuances by university systems that have an unenhanced long-term rating of at
least AA- or its equivalent, the Texas Bond Review Board (BRB) is responsible for the approval of all
state debt issues and lease purchases with an initial principal amount of greater than $250,000 or a term
of longer than five years.
Certain state securities may be exempted from having to appear before the Board for formal approval.
Click here to view a list of exemptions per Texas Administrative Code,
If the transaction qualifies as exempt, click here to proceed to the Notice of Intent
Application for Exempt Issuers. Once a completed Notice of Intent Application has been received, the transaction will be reviewed by the
Board during its six business day review period.
The BRB received an Exempt Issuer Notice of Intent Application for the following:
Texas Department of Housing and Community Affairs Governmental Lender Notes (The Citadel Apartments) Series 2021A and Series 2021B
Texas Department of Housing and Community Affairs Governmental Lender Note (Caroline Lofts) Series 2021
Texas Public Finance Authority Texas Southern University Revenue Financing System Refunding Bonds Series 2021
Staff will send the application to the Board for its
six business day review period once the application is complete. For questions regarding exempt applications, please email
Bond Review Board Staff.
If the transaction does not qualify as exempt, a formal application must be submitted, preceded by a
Notice of Intent to Issue Debt. Click here
to complete the Notice of Intent Application for Non-exempt Issuers. Once notified of your intent to issue debt, the Board Staff
will place the item on the Agenda for the next scheduled Board Meeting.