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Oversight Committee authorizes up to $300 million bond issuance for FY2026 financing
3425096 · May 21, 2025
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Summary
The oversight committee approved a resolution asking the Texas Public Finance Authority to issue up to $300 million in bonds in FY2026 to finance prior and upcoming CPRIT grants and operations; the agency has issued $3.34 billion to date of the $6 billion authorization.
The CPRIT Oversight Committee approved a bond issuance resolution authorizing the Texas Public Finance Authority (TPFA) to issue up to $300 million in bond proceeds in fiscal year 2026 to finance CPRIT grant awards and administrative expenses.
Chief Financial Officer Grant Weaver outlined the request and…
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