Boyne City Public Schools Resolution 2026 School Building and Site Bonds, Series II 2026-06-08
Municipal Bond Insurance Purchased from Assured Guaranty
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Description
Boyne City Public Schools authorized the purchase of municipal bond insurance from Assured Guaranty Inc. for $27,894.29, providing credit enhancement for the $8.93M 2026 School Building and Site Bonds.
Contract Details
Contract Amount
$27,894.29 (insurance premium)
Vendor
ASSURED GUARANTY INC
Agency
Boyne City Public Schools, MI
Contract Type
INSURANCE
Document Date
June 8, 2026
Contract Term
Policy issued for life of the bonds; insurance commitment valid until July 17, 2026
Renewal Date
2045-05-01
Renewal Info
Policy active for life of covered bonds (2027–2045 maturities); expires automatically as bonds mature or are redeemed; no auto-renewal.
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