State selling one of two airplanes for $2M; money earmarked for Highway Patrol
by Associated Press
Published: April 5,2012
JACKSON — Mississippi is selling one of its two state planes for $2 million, and Gov. Phil Bryant says he wants the money to be used for 78 new Highway Patrol vehicles.
Bryant’s office said yesterday he had approved the sale of the Cessna Citation V Ultra jet on Tuesday.
The state still has a King Air 350.
Bryant recommended selling one plane as part of his proposed state budget for the year that begins July 1.
Bryant’s office says the state acquired the Citation in 2005 for $3.6 million through a lease-purchase deal, and the plane was recently valued between $1.7 million and $1.9 million.
The state Department of Finance and Administration took bids for the plane. Clayton Leasing Inc. of Houston, Miss., purchased the plane.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Fervor grows for Tuscaloosa Marine Shale
- Mississippi Power CEO's departure due to withholding Kemper information from regulators
- Study says Nissan subsidies total $1.33B; MDA says overestimated
- Tenn. company makes unspecified offer to lease hospital
- Renee Flynt made Craftsmen's Guild president
- Small business owners take picture perfect advantages with Instagram
- Defunct casino to be moved; cost could rise depending on 'crud'
- Nullification and interposition
- Undersecretary: 'I understand the frustration' over catfish inspections