Susan Durso admits she doesn’t have extraordinary math skills, but she does have a calculator. And as general counsel of the Texas Public Finance Authority, she puts it to good use.
The TPFA is a small state agency that affects the lives of all Texans, even though most have never heard of it. With 13 full-time employees and one part-time employee, it provides financing for state agencies by issuing bonds — in the hundreds of millions of dollars each year — to build or acquire facilities. It also ensures that the bonds meet state and federal requirements, are issued for projects approved by the Texas Legislature and are as cost-effective as possible.
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