AUSTIN – The Texas Public Policy Foundation today released a paper on tuition revenue bonds by Trevor McGuire, policy analyst with the Center for Higher Education at the Texas Public Policy Foundation. The paper, “Tuition Revenue Bonds: An Analysis of the History and Use of TRBs in Texas from 1971-2016,” provides an overview of the history of TRBs in Texas, with recommendations for how the TRB authorization process can be improved.

“More than $3.1 billion in tuition revenue bond debt was authorized by the Legislature in 2015 for financing construction projects on Texas university campuses,” said Mr. McGuire. “It is an open secret that universities contribute little or nothing to TRB debt service. Universities keep the debt on their balance sheets, but the state services this debt from general revenue. The public therefore has a right to demand greater scrutiny of TRB authorizations, especially given the number of less expensive alternatives currently available.”

To see the full publication, please visit:

For more information or to request an interview with Mr. McGuire, please contact Alicia Pierce at [email protected] or 512-472-2700.


Trevor McGuire is a policy analyst with the Center for Higher Education and the Center for Tenth Amendment Action at the Texas Public Policy Foundation.

The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas. The Texas Public Policy Foundation aims to advance a societal framework that effectively fosters human flourishing based upon cooperation and mutually beneficial exchange of ideas and speech.