NTTA committee approves $100M defeasance using CIF funds to cut future debt service The committee approved a 2025 bond defeasance plan to use $100 million of unrestricted cash (construction/CIF) to defease specified 2017 bond series, lowering future debt service and generating present‑value savings.

The NTTA committee just approved a groundbreaking $100 million bond defeasance plan, set to slash future debt service by $143 million!

Get the details

#TX #CitizenPortal #DebtReduction #FinancialSavings #TexasFinance #BondDefeasance