Members of the board of the Missouri Higher Education Loan Authority will vote, Wednesday, on a proposal to sell $350-Million of MOHELA assets to pay for capital improvements at colleges and universities throughout the state. But when they do, they’ll be making a contingency vote. Approval of the sell off will be contingent on legislative approval of the idea. Governor Matt Blunt says he’s asked the board to do this to protect them from threats of lawsuits. Blunt has accused Attorney General Jay Nixon, who opposes the deal, of using intimidation and harassment to scare members of the MOHELA board. Blunt insists the deal is perfectly legal, but says he wants board members to have legal protection from Nixon and or “secret third parties” threatening court action.
