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Senate Ways and Means adds $50 million PMIB loan for Wichita aircraft paint facility amid questions over taxpayer interest losses
Summary
The committee approved including a $50 million PMIB-backed loan for a Wichita aviation paint facility, with proponents citing 121 new jobs and WSU Tech training. Lawmakers pressed on interest-rate mechanics and whether the state forgoes investment income by lending PMIB funds below market rates.
The Senate Ways and Means subcommittee voted to include a $50 million loan from the Public Building Commission/PMIB program for a proposed large-scale aircraft paint facility in Wichita that project proponents said would create 121 jobs with a five‑year median wage of $91,000.
Supporters described the project as filling a gap in Kansas’ aircraft maintenance ecosystem and said Wichita State University Tech would establish an aviation paint certificate program to staff the facility.…
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