TITLE

Kansas Expects to Issue First Boeing 7E7 Design Bonds by End of Year

AUTHOR(S)
Williamson, Richard
PUB. DATE
May 2003
SOURCE
Bond Buyer;5/22/2003, Vol. 344 Issue 31641, p37
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
In an unprecedented partnership with one of its largest employers, Kansas expects to issue the first of 500 million dollar of revenue bonds by the end of 2003 to help Boeing Co. build its new 7E7 mid-size passenger jet. The bond program, expected to add 4,000 jobs to the sagging Wichita economy was transformed into a law with the signature of governor Kathleen Sebelius. Unlike most revenue bonds, the new Kansas issue will not cover infrastructure, but rather design and development of the new jet, which will take place in Wichita. The fuselage of the workhorse Boeing 737 is currently built in Wichita and shipped by rail to the Seattle, Washington area for final assembly.
ACCESSION #
9913116

 

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