Gov. Rendell Says State Plane Sold for Nearly $1.4 Million; Proceeds Returned to State Account

HARRISBURG, Pa., Sept. 26 /PRNewswire-USNewswire/ -- Citing his continued efforts to cut costs and make state government operate more efficiently, Governor Edward G. Rendell today announced that the commonwealth has sold its 1981 Beech King Air 200 for $1.375 million.

"By selling this state-owned plane, Pennsylvania taxpayers benefit by getting a return of $1.375 million for the sale of an asset that we no longer needed," Governor Rendell said.

Midwest Underground Inc., of East Moline, Ill., purchased the plane, which had appraised for $1.367 million.

The state purchased the seven-seat, twin-engine turboprop in 1992 for $1.05 million.

The Department of General Services, which handled the negotiations and final agreement for the sale, placed the executive transport plane for sale on the open market in early April.

Proceeds from the sale were deposited into PennDOT's Aviation Restricted account, which is used to provide funding for airport projects statewide.

The Rendell administration is committed to creating a first-rate public education system, protecting our most vulnerable citizens and continuing economic investment to support our communities and businesses. To find out more about Governor Rendell's initiatives and to sign up for his weekly newsletter, visit: www.governor.state.pa.us.

CONTACT:

Chuck Ardo

717-783-1116