MCCOOK, Neb. (AP) —
The owner of a company that borrowed money from a county loan program
has signed over tools and equipment to Red Willow County.
The county, in turn, has released the county's security interest in Pawnee Aviation.
The company borrowed $300,000 from the program in December 2004 and defaulted. It made helicopter kits.
tools and equipment that now belong to the county include prototype
parts for the single-seat helicopter, a paint booth, a floor hoist,
drill press and forklift.
Copyright 2013 The Associated Press.