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INSURANCEAPPROVED

Washburn University Board of Regents Resolution for Kansas Municipal Investment Pool Transactions 2026-02-05

Bond Insurance Provided by Build America Mutual

$90,395.83 (insurance premium)Washburn Institute Of TechnologyBUILD AMERICA MUTUAL ASSURANCE COMPANYFebruary 5, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

Build America Mutual Assurance Company was engaged to provide bond insurance on Washburn University’s $24,190,000 Series 2026 bonds, covering maturities from 2029 to 2041. Insurance enhances bond rating and ensures timely principal and interest payments if needed.

Contract Details

Contract Amount

$90,395.83 (insurance premium)

Vendor

BUILD AMERICA MUTUAL ASSURANCE COMPANY

Agency

Washburn Institute Of Technology, KS

Contract Type

INSURANCE

Document Date

February 5, 2026

Contract Term

February 12, 2026 – July 1, 2041 (bond maturity)

Renewal Date

2041-07-01

Renewal Info

Coverage lasts to final bond maturity or earlier defeasance. Insurance premium paid from proceeds. BAM has notification, control, and consent rights in case of default.

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