Bond Insurance Provided by Build America Mutual
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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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