MOHELA Sale
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MOHELA Sale

Date: August 31, 2006
By: Beverly Rivera
State Capitol Bureau

Intro: Missouri's Governor's office rejects plan for a financial analysis of his college loan asset sale idea

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The governor's chief spokesman says an outside financial analysis is not needed.

Earlier this year, the college loan agency, MOHELA said it would conduct a financial study of the governor's idea to sell some of assets.

But Spence Jackson now says that's not needed:

 

Actuality:  SPENCE1.WAV
Run Time: 00:16
Description: The governor's spokesman says the college loan agency is satisfied with the proposal.


 

But on the other side, Democrats in the state including the attorney general and the state auditor have questioned both the financial details as well as the legality of the governor's plan.

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Intro: Missouri's governor is rejecting calls for a financial analysis of his plan to sell assets of the state's college loan program.

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The governor's spokesman says they are confident about both the finances and legality of the latest plan to sell about one-third of a billion dollars of college loan assets to finance building construction projects.

But a growing number of Democrats are raising questions about the governor's approach to implement the plan without legislative oversight.  Among them, State Auditor Claire McCaskill:

 

Actuality:  AUD01.WAV
Run Time: 00:13
Description: Missouri's auditor says government-funded building projects should have a financial analysis and legislative oversight.


McCaskill is a Democrat, now running for the U.S. Senate.

She criticized Republican state legislative leaders for agreeing with the governor's approach to bypass the legislature.

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