Blunt's new proposal meets opposition
From Missouri Digital News: https://mdn.org
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

MDN.ORG: Missouri Digital News
MDN Menu

MDN Home

Journalist's Creed

Print

MDN Help

MDN.ORG Mo. Digital News Missouri Digital News MDN.ORG: Mo. Digital News MDN.ORG: Missouri Digital News
Lobbyist Money Help  

Blunt's new proposal meets opposition

Date: August 28, 2006
By: Hillari Duthoo
State Capitol Bureau

Intro: Democrats raise questions about Blunt's new MOHELA proposal.

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

RunTime:
OutCue: SOC

Democratic party spokesman Jack Cardetti says he was surprised to find out that the sale of part of the state's college loan authority might go through legally.

He says that originally, the MOHELA board told the governor it was hesitant to go forward with anything that didn't have specific legislative approval.

Democrats also expressed concern over the way universities would money. 

The new plan, the agency, who finances economic development projects, will serve as a conduit for revenue from loan sales between MOHELA and the schools.

House Speaker Rod Jetton says this move eliminates any issues about the legality of selling college loans.

Actuality:  JETTON1.WAV
Run Time: 00:20
Description: "There was some concerns on without legislative approval if MOHELA could do that.  I think that's when the attorneys looked at this and came up with the conclusion that if it would go from one non-for-profit entity, which MOHELA is, to another, which the Missouri Development Finance Board is, then it would be legal to give the money straight to the universities." 


 

Blunt's original proposal failed in the House during the final hours of the last legislative session.

From the state Capitol, I'm Hillari Duthoo.