Bill > SB1207

This bill modifies an existing Missouri statute regarding the Higher Education Loan Authority (HELA) by adding a new requirement that the organization must file its annual financial report not only with the director of the Department of Higher Education and Workforce Development, as previously mandated, but also with the Joint Committee on Education. The bill effectively expands the reporting transparency of HELA by introducing an additional reporting obligation, which will provide the Joint Committee on Education with direct access to the organization's annual financial information, including details about income, expenditures, and outstanding bonds or other forms of indebtedness. This change aims to enhance legislative oversight of the higher education loan authority's financial activities by ensuring that the Joint Committee on Education receives the same annual financial report that is already submitted to the department director.

Education

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=622