Compact with Texans

Texas Bond Review Board

The Texas Bond Review Board (BRB), created in 1987, is composed of the Governor, Lieutenant Governor, Speaker of the House of Representatives, and Comptroller of Public Accounts. The agency’s statutory authority is found in Chapter 1231 and Chapter 1372 of the Texas Government Code.

Mission Statement

The agency’s mission is to ensure that debt financing is used prudently to meet Texas’ infrastructure needs and other public purposes, to support and enhance the debt issuance and debt management functions of state and local entities, and to administer the state’s private activity bond allocation program.


The BRB provides the following three services to its customers: 1) Approves all state bond issues and lease purchases with an initial principal amount of greater than $250,000 or a term longer than five years (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 debt rating of at least AA- or its equivalent); 2) Ensures that public officials have access to current information regarding state government debt, capital planning, finance, and debt management. The agency collects, maintains, and analyzes the status of local government debt and reports findings to the legislature, other state officials, and local policy makers; and, 3) Administers the state’s Private Activity Bond Allocation Program. The agency drafts administrative rules and guidelines for processing and reviewing applications for the state’s private activity bonds.

Customer Service Principles

It is the policy of the BRB to provide our customers with a level of service which exceeds their expectations. In striving to do this, the BRB has adopted the following customer service principles: Agency contacts with all customers shall, at all times, be conducted in a professional and courteous manner; Phone calls from customers to agency employees will be returned promptly, within one business day if possible; Responses to requests for information from customers will be provided in an accurate and timely manner, within three business days if possible; Agency employees will be available, informed, and on time to meet with customers who request such meetings; Agency employees will strive to produce the most accurate and complete information and services possible; The agency will continue to explore new technologies and methods of doing business which will improve upon current agency practices and enhance our customer’s experience.

A customer service survey is available online by clicking here.

Suggestion and Complaint Process

It is the policy of the Texas Bond Review Board to welcome customer suggestions and respond promptly to complaints concerning customer service issues. Communications to the BRB should be forwarded to the agency’s Customer Service Representative at the following address:

Mr. Robert B. Latsha II, Executive Director
Texas Bond Review Board
P.O. Box 13292
Austin, TX 78711-3292
(512) 463-1741