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Kansas to Issue Bonds for Cessna
TOPEKA, Kan. (AP) _ Gov. Kathleen Sebelius and legislative
leaders have cleared the way for the state to issue $33 million in
bonds for Cessna Aircraft Co.
The aircraft manufacturer plans to expand its Wichita-area
facilities to produce its new Citation Columbus business jet and
expects to add more than 1,000 jobs.
The Legislature enacted a law this year to allow the bonds, but
it required an agreement between the Department of Commerce and the
aircraft manufacturer.
That agreement, signed by Commerce Secretary Dave Kerr and
Cessna Chief Executive Officer Jack Pelton, commits Cessna to
investing at least $776 million in Kansas.
The State Finance Council unanimously approved the agreement
Tuesday. The council is the governor and top legislative leaders.
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