Founder Wants Voters to Decide on Asset Sale

1 decade 3 years 1 week ago Friday, May 25 2007 May 25, 2007 Friday, May 25, 2007 1:12:42 PM CDT May 25, 2007 in News
Source: (Copyright 2007 The Associated Press All Rights Reserved.)
JEFFERSON CITY (AP) - A man who helped create the state's higher education loan authority wants voters to decide whether to approve a plan to sell some assets to support scholarships and building. Lawmakers during their annual session approved a plan pushed by Governor Blunt to use 350 million dollars from the Missouri Higher Education Loan Authority over six years. It spends that money on college scholarships and campus construction. Allan Purdy filed a petition let the voters decide whether to sell part of the loan authority's assets. Purdy helped create the Missouri Higher Education Loan Authority. At least five percent of the voters in six of the state's nine congressional districts would need to sign for it make the ballot.

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