City of Greenbrier City Council Meeting Minutes 2026-05-04
Build America Chosen to Insure City Bond Issue
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Description
Greenbrier selected Build America Bond Insurance to insure its newly approved 30-year sales and improvement bond issue. The insurance will provide credit enhancement for the $10.71 million municipal bonds over their full term.
Contract Details
Vendor
BUILD AMERICA BOND INSURANCE
Agency
City of Greenbrier, AR
Contract Type
INSURANCE
Document Date
May 4, 2026
Contract Term
Covers life of the 30-year bond issue
Renewal Date
2056-06-09
Renewal Info
Bond insurance is expected to remain in force for the life of the 30-year bonds; no renewals noted.
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