October 6, 2006

State News in Brief

LOAN-AGENCY SALE: The Missouri Higher Education Loan Authority has voted, 4 to 2, to support Gov. Matt Blunt's plan to sell off $350-million in the agency's student-loan assets and use the proceeds to pay for construction projects at the state's colleges. For the plan to go into effect, however, Mr. Blunt needs approval from state legislators when they reconvene in 2007, a process that could delay the plan nearly a year.

SALARY COSTS: Taxpayers in South Dakota will have to pay a

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