• Monday, May 28, 2012

Previous

Next

State Audit Questions Oversight and Priorities of Missouri Loan Agency

July 28, 2010, 1:00 pm

Missouri’s state auditor urged lawmakers to communicate more effectively and ensure financing when determining future higher-education projects, according to a review released today. Susan Montee, the auditor, found that a 2007 plan to sell assets of the state’s student-loan agency and transfer some of that money to campus construction projects omitted three priority construction projects, while including some nonpriority ones. The Missouri Higher Education Loan Authority made an initial $230-million payment in 2007, but has delayed others since. In 2009, Gov. Jay Nixon, a Democrat who opposed the plan when he was the state’s attorney general, suspended many of the building projects because of a lack of money.

This entry was posted in Teaching. Bookmark the permalink.

  • Print
  • Comment

Comments are closed.