Governor Matt Blunt has revised his plans for the sell-off of assets from the Missouri Higher Education Loan Authority, cutting $100-Million off the proposed deal. The new plan has the money going for higher education and biotechnology projects. The Legislature refused to go for the original MOHELA plan earlier this year. The new plan circumvents legislative appropriation powers. The Blunt Administration has taken some heat for not saying how most of the money would be spent. The first draft of the latest plan specified only $15-Million in spending.
