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NTTA committee approves $100M defeasance using CIF funds to cut future debt service
North Texas Tollway Authority Finance, Audit and Administration Committee · November 6, 2025
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Summary
The committee approved a 2025 bond defeasance plan to use $100 million of unrestricted cash (construction/CIF) to defease specified 2017 bond series, lowering future debt service and generating present‑value savings.
The Finance, Audit and Administration Committee on Nov. 6 approved NTTA staff’s 2025 bond defeasance plan to use unrestricted cash to retire selected outstanding bonds and reduce long‑term debt service.
Ms. McGuire presented the plan, telling the committee staff proposes to defease $100,000,000 on Dec. 1 using cash from the…
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