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FINANCIAL_SERVICESPENDING

Riverbend Water Resources District AgendaPacket Regular Meeting 2026-06-24

Riverbend Plans $49 Million Series 2026A Bond Issue

$49,000,000RIVERBEND WATER RESOURCES DISTRICTTEXAS WATER DEVELOPMENT BOARDJune 24, 2026

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Description

Riverbend Water Resources District plans to issue $49,000,000 in Taxable Series 2026A Contract Revenue Bonds to the Texas Water Development Board to finance regional water system improvements through 2056. The bonds will be repaid from pledged revenues under member water distribution and supply contracts.

Contract Details

Contract Amount

$49,000,000

Vendor

TEXAS WATER DEVELOPMENT BOARD

Agency

RIVERBEND WATER RESOURCES DISTRICT, TX

Contract Type

FINANCIAL_SERVICES

Document Date

June 24, 2026

Contract Term

Principal installments due October 15, 2027–October 15, 2056; interest first payable April 15, 2027 and semiannually thereafter

Renewal Date

2056-10-15

Renewal Info

Single long‑term bond issuance with annual principal installments through October 15, 2056; callable on or after October 15, 2036 for maturities 2037 and later.

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