Missouri Higher Ed Loan Agency's Contentious Plan Moves to House

Shields, Yvette
April 2007
Bond Buyer;4/27/2007, Vol. 360 Issue 32617, p5
Trade Publication
The article announces that the controversial plan to use funds from a partial sale of the loan assets of Missouri Higher Education Loan Authority (MOHELA) to finance education-related construction projects moves to the House of Representatives in Chicago, Illinois. The legislation would let MOHELA hand over $350 million from the sale of $5 billion loan portfolio over the next six years. In return, the authority will be allowed to issue $1 billion tax-exempt bonds over 10 years.


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