Former MOHELA president John Greer raised concerns Monday on Gov. Matt Blunt's plan to sell MOHELA assets to fund capital projects throughout the state. Greer told the Jefferson City News-Tribune that the rest of the Board, appointed by Blunt in 2006, does not understand the agency's responsibilities.
Greer estimates MOHELA's value near $425 million and accuses lawmakers of failing to see the organization's true value.
"...[T]he governor's office wants to take $350 million out of the organization. That doesn't leave much, does it? Somebody's figures are wrong,” Greer said to the News-Tribune. “MoHELA has built a tremendous amount of assets, but it also has a tremendous amount of liabilities.”
Greer continues to cite the organization's purpose is to benefit students and not for economic development, as the Governor and the Republican-led legislature are advocating. MOHELA lists its mission "to eliminate barriers for students so they can access higher education." It's unclear at this time precisely how new capital projects directly benefit access to higher education.
Read the full News-Tribune story here.
Monday, February 12, 2007
Former MoHELA president raises concerns over asset sale
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