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Lobbyist Money Help  

Senate hears testimony on how to spend MOHELA money

April 4, 2006
By: Hillari Duthoo
State Capital Bureau

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The Missouri General Assembly can't agree on how to spend the profits of the possible sale of the state student loan agency.

Reporter Hillari Duthoo (DOO-thoh) has more from the state Capitol.

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The Missouri Senate is still not sure about how they want to spend the possible 255 million dollars.

Senators heard arguments Tuesday for and against a bill which details different ways to spend the revenue from the potential sale of MOHELA.

St. Charles Senator Chuck Gross sponsored the bill in which university building projects statewide would receive the bulk of the profit. While no plan is set in stone, some schools' building projects would take presidence.

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"If there is some project, some technology, some industry that really appears to be on the cusp of going forward, but for the fact that they don't have this building or this process constructed maybe that would be one of the things that would raise it to the top."

Gross says the bill is scheduled tentatively for Senate debate on April 18th.

From Jefferson City, I'm Hillari Duthoo.

ANCHOR INTRO:

Missouri legislators are at odds on how to spend money from the potential sale of the state run student loan agency.

Hillari Duthoo (DOO-thoh) has the story from the state Capitol.

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The governor, House and Senate all have different ideas about how to spend the potential 255 million dollars coming from the possible sale of MOHELA, the state-run college loan agency.

Joplin Senator Gary Nodler says he'd like to see some of the money spent on building projects at universities statewide.

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"I have a strong interest in the capital improvement component of the bill. I think we've gone for more than half a decade without any capital improvement committments to our higher education institutions. At some point in time, that begins to limit our institutions' ability to compete with other institutions around the country."

Governor Blunt's orginal proposal to sell MOHELA provided for over 400 million dollars in building funds.

From Jefferson City, I'm Hillari Duthoo.