Kansas Lawmakers Want $500 Million of Bonds for Boeing, But Say No to Tobacco

Williamson, Richard
April 2003
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p6
Trade Publication
Kansas legislators appear to supporting a 500 million dollar bond issue to bring Boeing's new 7E7 jetliner to Wichita, Kansas but they are supporting off on a 175 million dollars tobacco bond issue to balance the budget.Although Washington State and Missouri are said to be in the running for the production line, Boeing officials appear to be focusing their attention primarily on Wichita, where the company currently builds 75 percent of its 737 model and components for other commercial aircraft.After losing 5,000 Boeing employees to layoffs since Sept. 11, 2001, Wichita and the state areanxious to win the 7E7 assignment that would expand the employment base for an estimated 20 years.


Related Articles

  • Kansas Legislature Has a Week to Answer the $230 Million Question. Williamson, Richard // Bond Buyer;4/8/2003, Vol. 344 Issue 31610, p4 

    Kansas legislative leaders will reveal their plan during the second week of April 2003 for covering a 230 million dollar revenue shortfall, after rejecting proposals from Governor Kathleen Sebelius to advance tax collections and issue tobacco bonds. While legislators approved most of the...

  • New Mexico considers jumping on tobacco debt bandwagon. Preston, Darrell // Bond Buyer;02/09/2000, Vol. 331 Issue 30825, p5 

    Focuses on the plans by lawmakers in New Mexico to issue bonds backed by settlement funds from the trial of the tobacco industry. Bills introduced to create various issuance structures; Amount of funds considered for issuance.

  • Ark. Lawmakers Seek to Knock Tobacco Plan From Ballot. Albanese, Elizabeth // Bond Buyer;09/14/2000, Vol. 333 Issue 30975, p4 

    Reports the lawsuit filed against Governor Mike Huckabee by the Black Legislators Caucus regarding the tobacco settlement payment bill in Arkansas. Effect of the settlement payments on bond sales for research facilities; Call to invalidate the proposed act for spending the tobacco money;...

  • Deadline Met, Utah Lawmakers Balance Budget, OK Bond Plans. Albanese, Elizabeth // Bond Buyer;3/8/2002, Vol. 339 Issue 31340, p3 

    Reports on the efforts of lawmakers in Utah for balancing the budget for the year 2002. Approval of budget for 2003; Addition of general obligation bonds for the payment of capital projects; Bonds approved by the lawmakers; Plans to sell light-rail line to private investors for tax benefits.

  • Illinois Seeks Team For Tobacco Issue. Shields, Yvette // Investment Dealers' Digest;8/13/2010, Vol. 76 Issue 30, p9 

    The article reports on the opportunity of underwriters, lawyers and financial advisers interested in working on Illinois' proposed sale of up to 1.75 billion dollars of tobacco bonds to submit proposals to the state until August 27, 2010. It notes that the state's proposed sales of tobacco bonds...

  • Puerto Rico Using Tobacco to Address Budget Shortfall. Kaske, Michelle // Bond Buyer;7/30/2007, Vol. 361 Issue 32681, p8 

    The article reports on the tobacco bond deal that will help Puerto Rico's potential deficit for fiscal year 2007. The sale of the bonds, which mature in 2057, will consist of about $155 million of uninsured capital appreciation bonds (CABs) anticipated to be rate triple-B minus and $83 million...

  • Oregon GOP leaders all but kill tobacco-backed bonds. Marois, Michael B. // Bond Buyer;07/09/99, Vol. 329 Issue 30679, p32 

    Focuses on the decision of Republican Party legislators in Oregon to refuse proposals to use bonds backed by the tobacco industry settlement revenues.

  • North Carolina debt issuance bills move ahead despite budget gridlock. Molis, Jim // Bond Buyer;08/04/97, Vol. 321 Issue 30201, p40 

    Presents updates on North Carolina's budget plans for the fiscal year which started July 1, 1997 and on its proposed bond issuance. Efforts to finish an $11.4 billion budget; Senate's proposed use of $40 million of the state's $85 million Medicaid fund to pay for general fund expenses.

  • How Tobacco Bonds Work, and What Can Go Wrong. Podkul, Cezary; Sleight, David // Pro Publica;Aug2014, p11 

    The article offers information on tobacco industry bonds and how it works in the U.S. It states that bonds are like loans wherein when investors buy the tobacco bonds it will provide the states with cash that can cover the health costs of smoking and some budgetary needs. However, the government...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics