MOHELA Board Delays Vote on Sale of Assets

The board of the Missouri Higher Education Loan Authority has postponed a vote on Governor Matt Blunt’s plan to fund college capital improvements. The MOHELA board delayed the vote after an assistant attorney general warned of a likely lawsuit that would be filed not only against the board, but against each individual member. The assistant says some members of the MOHELA board could be sued for conflict of interest. Governor Blunt is expressing his disappointment. He wants MOHELA to sell $350-Million in assets to pay for capital improvements on college campuses throughout the state. The MOHELA board has delayed a vote until its next meeting scheduled for September 27th.