• HCDE has a blended component unit, the Harris County Department of Education Public Facility Corporation (PFC Capital Projects Fund) for which it is financially accountable.
• Debt service requirements of general obligation bonds are payable solely from future revenues consisting of school contracts.
• HCDE has never defaulted on any bond principal or interest payment. Effective interest rates range from 3.50 percent to 5.75 percent.
• There are a number of limitations and restrictions contained in the bond indenture. Management has indicated that HCDE is in compliance with all significant limitations and restrictions.
• HCDE does not have a debt service rate. HCDE has a maximum maintenance tax rate of $0.01 and the current tax rates are available on the Tax Transparency webpage.
• No bond elections are scheduled for the current fiscal year.

Note: HCDE has not initiated any bond elections in its history.  All bond issuances are either lease-revenue bonds guaranteed by HCDE, contracted fee for service revenues, and/or Maintenance Notes supported by maintenance and operation taxes.  Please refer to our HB 1378 Report and Annual Debt Book. HCDE Debt Obligations Link