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Sedgwick County, Kansas...working for you

Sedgwick County...working for you
Sedgwick County, Kansas

525 N. Main  ●   Wichita, KS 67203  ●   Tel: (316) 660-9000
www.sedgwickcounty.org

Transportation and Infrastructure Stimulus Projects

Recovery.gov

Potential projects

This section will be updated as projects are identified.

County Commission Approved for Application
 

Federal Awards and Status

Build America Bonds Program
This program provides a federal reimbursement to offset interest on taxable debt issued by state and local governments to encourage investment in capital projects and stimulate the economy. The reimbursement on taxable debt is greater than the savings on traditional tax exempt debt.

In November 2009 the Board of County Commissioners approved the issuance, sale and delivery of taxable general obligation bonds (Build American Bonds Program) Series A, 2009 in the amount of $9,965,000 for the funding of the following projects:

Over the 20-year life of the bonds the U.S. Treasury will make direct payments to Sedgwick County in the amount of $1,455,500 or 35 percent of the interest payments of the issue. Because of the higher interest costs of taxable bonds the net benefit to the county over the 20 years of the issue is about $400,000.