Remington Municipal Utility District No. 1 Minutes of Board of Directors Meeting 2026-03-25
Board Buys Bond Insurance from Build America Mutual
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Description
Directors approved the purchase of a $219,200 municipal bond insurance policy from Build America Mutual Assurance Company for the District’s $10,960,000 Unlimited Tax Bonds, Series 2026. The insurance will provide credit enhancement for the bond issue.
Contract Details
Contract Amount
$219,200 (bond insurance premium)
Vendor
BUILD AMERICA MUTUAL ASSURANCE COMPANY ("BAM")
Agency
Remington Mud 1, TX
Contract Type
INSURANCE
Document Date
March 25, 2026
Contract Term
For the duration of the $10,960,000 Unlimited Tax Bonds, Series 2026
Renewal Date
2026-03-25
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