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Debt Summaries

State Debt Summaries


The following pages present summary information displaying:

The data is presented in summary form to provide an overview. Detailed information regarding individual bond authorizations and the related repayment streams is available in the state bond offering circulars prepared by the Office of the State Treasurer for each bond sale.


Debt Authorizations1

Purpose/Authorization Bonds Authorized Bonds Issued Bonds Outstanding Bonds Unissued
General Obligation Bonds Subject to Statutory Debt Limitation2
5,753,544,860

4,901,649,812

4,048,813,887

851,895,048
General Obligation Bonds Enterprise Activity Excluded from Debt Limitation3
290,855,000

290,503,610

256,688,610

351,390
General Obligation Bonds Reimbursable Debt Excluded from Debt Limitation4
833,819,500

777,486,802

671,386,304

56,332,698
SUBTOTAL - General Obligation Bonds 6,878,219,360 5,969,640,223 4,976,888,801 908,579,137
Motor Vehicle Fuel Tax General and Limited Obligation Bond Debt5
1,993,595,000

1,319,400,000

941,980,000

674,195,000
Limited Obligation Bond Debt6 15,000,000 15,000,000 4,235,000 0
TOTAL - All Authorized Debt 8,886,814,360 7,304,040,223 5,923,103,801 1,582,774,137

1 Numbers represent amounts as of November 30, 1996, including 3 percent sale costs authorized by Omnibus Bond Authorization Bill.
2 Paid by revenues from the General Fund.
3 Paid by revenues from enterprise activities.
4 Paid as prescribed by statute.
5 Paid by revenues from the Motor Vehicle Fund.
6 Paid by statutorily set revenues.


Debt Service Payment Summary
Bonds Currently Authorized and Proposed Issues
General Obligation Bonds Subject to Statutory Debt Limit


Purpose/Authorization
Outstanding Bonds1 Authorized Unissued Bonds Proposed New Issuance2 Total
1997 153,649,558 0 0 153,649,558
1998 448,363,909 25,317,806 0 473,681,715
1999 444,039,784 52,721,719 14,423,552 511,185,056
2000 451,247,341 58,283,647 38,828,048 548,359,036
2001 438,376,441 58,273,933 76,945,373 573,595,747
2002 440,357,035 58,263,670 110,595,681 609,216,386
2003 398,362,028 58,252,828 149,140,747 605,755,603
2004 366,634,876 58,241,374 183,747,988 608,624,238
2005 368,405,069 58,229,273 223,510,007 650,144,349
2006 352,830,584 58,216,489 258,778,712 669,825,785
2007 360,733,028 58,202,983 299,140,334 718,076,346
2008 351,748,292 58,188,715 332,926,652 742,863,658
2009 329,400,821 58,173,641 360,171,271 747,745,732
2010 299,190,364 58,157,716 369,512,055 726,860,136
2011 259,381,057 58,140,893 369,414,006 686,935,955
2012 244,652,469 58,123,119 369,310,421 672,086,009
2013 238,757,398 58,104,341 369,200,987 666,062,726
2014 235,434,565 58,084,504 369,085,375 662,604,444
2015 246,540,010 38,216,848 368,963,236 653,720,095
2016 216,053,196 38,194,707 358,331,589 612,579,492
2017 198,091,288 38,171,317 358,195,270 594,457,874
2018 154,032,581 38,146,606 358,051,254 550,230,441
2019 114,041,618 38,120,500 357,899,108 510,061,226
2020 74,844,852 38,092,920 357,738,372 470,676,144
2021 37,719,764 38,063,783 357,568,562 433,352,109
2022 14,735,656 38,033,001 357,389,164 410,157,822
2023 038,000,481 357,199,639 395,200,120
2024 08,602,370 356,999,413 365,601,783
TOTAL 7,237,623,584 1,302,619,185 7,483,066,815 16,023,309,584

1 Outstanding bonds as of November 30, 1996.
2 Numbers reflect the sale of all proposed authorizations in the Governor's 1997-2007 Ten-Year Capital Plan.


Debt Service Payment Summary
Bonds Currently Authorized
General Obligation Debt - Enterprise Activity
Excluded from Statutory Debt Limit

Purpose/Authorization Outstanding Bonds1
1997 7,208,195
1998 27,766,112
1999 29,543,923
2000 29,378,887
2001 29,753,067
2002 29,825,982
2003 28,266,306
2004 27,587,589
2005 27,657,616
2006 27,704,343
2007 27,862,317
2008 28,193,048
2009 17,731,676
2010 14,945,657
2011 13,629,522
2012 12,606,126
2013 11,887,380
2014 4,806,188
2015 4,800,932
2016 4,801,547
2017 307,510
2018 309,270
2019 310,258
2020 119,860
2021 118,335
TOTAL 407,121,648

1Outstanding bonds as of November 30, 1996. All authorized bonds for enterprise activities have been issued and no new authorizations are proposed for the 1997-99 Biennium. Debt Service is paid by revenues from enterprise activities.


Debt Service Payment Summary
Bonds Currently Authorized and Proposed Issues
General Obligation Debt - Reimbursable Debt
Excluded from Statutory Debt Limit

Purpose/Authorization Outstanding Bonds1 Authorized Unissued Bonds2 Total3
1997 27,093,941 0 27,093,941
1998 71,412,288 548,956 71,961,244
1999 74,387,105 775,909 75,163,014
2000 71,027,257 781,726 71,808,982
2001 68,710,383 779,122 69,489,505
2002 66,496,400 785,809 67,282,209
2003 57,678,616 781,507 58,460,123
2004 55,209,937 781,635 55,991,571
2005 53,563,990 780,913 54,344,903
2006 52,231,226 779,343 53,010,568
2007 55,969,909 776,923 56,746,832
2008 54,529,184 773,655 55,302,839
2009 53,928,061 784,252 54,712,313
2010 50,421,888 778,436 51,200,324
2011 47,105,503 776,625 47,882,128
2012 44,907,180 778,672 45,685,852
2013 48,859,561 784,160 49,643,721
2014 43,489,040 778,236 44,267,276
2015 34,069,590 776,038 34,845,628
2016 34,054,297 782,273 34,836,570
2017 27,108,841 781,525 27,890,366
2018 17,641,399 779,218 18,420,617
2019 8,524,349 780,067 9,304,415
2020 1,610,872 778,932 2,389,803
2021 792,839 775,813 1,568,652
2022 328,600 780,565 1,109,165
2023 0 41,112 41,112
TOTAL 1,121,152,256 19,301,416 1,140,453,672

1Outstanding bonds as of November 30, 1996.
2No new authorizations are proposed for the 1997-99 Biennium.
3Debt Service is paid as prescribed by statute.


Debt Service Payment Summary
Bonds Currently Authorized and Proposed Issues
Motor Vehicle Fuel General and Limited Obligation Debt

Purpose/Authorization Outstanding Bonds1 Authorized Unissued Bonds Current RevenueProposed
New Issuance
Total2
1997 39,277,620 0 0 39,277,620
1998 111,452,540 9,097,000 0 120,549,540
1999 107,390,312 15,389,000 704,000 123,483,312
2000 105,236,837 24,245,000 1,486,000 130,967,837
2001 103,954,982 24,245,000 3,129,000 131,328,982
2002 103,749,550 24,245,000 4,694,000 132,688,550
2003 92,750,076 24,245,000 4,694,000 121,689,076
2004 80,512,506 24,245,000 4,694,000 109,451,506
2005 78,473,430 24,245,000 4,694,000 107,412,430
2006 75,777,725 24,245,000 4,694,000 104,716,725
2007 75,563,133 24,245,000 4,694,000 104,502,133
2008 69,679,372 24,245,000 4,694,000 98,618,372
2009 62,105,303 24,245,000 4,694,000 91,044,303
2010 49,914,228 24,245,000 4,694,000 78,853,228
2011 36,334,213 24,245,000 4,694,000 65,273,213
2012 31,412,667 24,245,000 4,694,000 60,351,667
2013 31,437,716 24,245,000 4,694,000 60,376,716
2014 31,473,682 24,245,000 4,694,000 60,412,682
2015 31,505,116 24,245,000 4,694,000 60,444,116
2016 31,520,519 24,245,000 4,694,000 60,459,519
2017 31,157,220 24,245,000 4,694,000 60,096,220
2018 29,272,113 24,245,000 4,694,000 58,211,113
2019 27,575,121 24,245,000 4,694,000 56,514,121
2020 24,957,962 24,245,000 4,694,000 53,896,962
2021 13,779,711 24,245,000 4,694,000 42,718,711
2022 7,643,109 24,245,000 4,694,000 36,582,109
2023 0 15,148,000 4,694,000 19,842,000
2024 0 8,856,000 3,990,000 12,846,000
2025 0 0 3,207,000 3,207,000
2026 0 0 1,565,000 1,565,000
TOTAL 1,483,906,761 606,125,000 117,349,000 2,207,380,761
1Outstanding bonds as of November 30, 1996.
2Debt Service is paid by revenues from the Motor Vehicle Fund.