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Thu, Nov 26 2009 

Organizer withdraws MOHELA petition

A referendum is similar to an initiative petition, said Carrie Bebermeyer, spokeswoman for Secretary of State Robin Carnahan. She said Purdy would have needed to collect signatures, in six of the state’s nine congressional districts, from 5 percent of registered voters by Aug. 28.

Purdy said he filed the referendum to “alert the public” about the sale, with which he disagreed.

“The governor wants to grab all the money he can from MOHELA and spend it,” Purdy said. “He is not making money with this sale. He is simply withholding money from poorer students who need it.”

MOHELA sale

The sale of MOHELA’s assets will raise about $350 million for construction at Missouri universities and colleges. The authority would pay the money over six years to the state. In exchange, the loan agency would get a 15-year pledge of tax-exempt bonding power, which it could use to finance more student loans.



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