State distributes funds to Truman
John Moenster
Issue date: 11/20/08 Section: News
The state of Missouri distributed more than $7.1 million to 20 state colleges and universities last Friday as part of the Lewis and Clark Discovery Initiative.
According to a press release from Gov. Blunt's office, Truman received $51,364 from the Initiative for the Pershing renovation project. This is the 14th distribution of the $335 million secured by the initiative for constructions and capital projects. Gov. Blunt stated in the release that this investment will ensure students the resources they need to be properly prepared to enter the workforce and be competitive in the world's economy.
Gov. Blunt's Lewis and Clark Discovery Initiative is a coalition between the Missouri Higher Education Loan Authority and the state. Authorized through legislation, the coalition reinvests state assets to generate $335 million for Missouri's colleges and universities. The Department of Higher Education and the Office of Administration work with universities and colleges to process the funding.
The money distributed by the initiative reimburses schools for expenditures and is determined by information provided by the institutions monthly, according to the release. Dave Rector, director of institutional research and budgets, said Truman pays the bills first and then supplies the billing information to the state.
"The way it works is [Truman] presents a bill to the state and is then reimbursed," Rector said. "So what [Truman] is getting reimbursed for right now is the architectural, engineering and design phase of the [Pershing project]."
Governor-elect Jay Nixon has been an opponent of the Lewis and Clark Discovery Initiative since it was first introduced in the State Senate in 2007. According to a Columbia Daily Tribune political blog dated May 22, 2007, then Attorney General Nixon urged Gov. Matt Blunt to veto Senate Bill 389, which authorized the use of sold loan assets for capital improvement projects.
Also in May 2007 in a letter to The Star, Nixon said, "Every penny MoHELA has is from students, and every penny should be used to benefit students in the form of low-cost loans."
According to a press release from Gov. Blunt's office, Truman received $51,364 from the Initiative for the Pershing renovation project. This is the 14th distribution of the $335 million secured by the initiative for constructions and capital projects. Gov. Blunt stated in the release that this investment will ensure students the resources they need to be properly prepared to enter the workforce and be competitive in the world's economy.
Gov. Blunt's Lewis and Clark Discovery Initiative is a coalition between the Missouri Higher Education Loan Authority and the state. Authorized through legislation, the coalition reinvests state assets to generate $335 million for Missouri's colleges and universities. The Department of Higher Education and the Office of Administration work with universities and colleges to process the funding.
The money distributed by the initiative reimburses schools for expenditures and is determined by information provided by the institutions monthly, according to the release. Dave Rector, director of institutional research and budgets, said Truman pays the bills first and then supplies the billing information to the state.
"The way it works is [Truman] presents a bill to the state and is then reimbursed," Rector said. "So what [Truman] is getting reimbursed for right now is the architectural, engineering and design phase of the [Pershing project]."
Governor-elect Jay Nixon has been an opponent of the Lewis and Clark Discovery Initiative since it was first introduced in the State Senate in 2007. According to a Columbia Daily Tribune political blog dated May 22, 2007, then Attorney General Nixon urged Gov. Matt Blunt to veto Senate Bill 389, which authorized the use of sold loan assets for capital improvement projects.
Also in May 2007 in a letter to The Star, Nixon said, "Every penny MoHELA has is from students, and every penny should be used to benefit students in the form of low-cost loans."
Viewing Comments 1 - 4 of 4
NMSU79
posted 11/21/08 @ 6:24 PM CST
It should not be called the Pershing project because it implies the work will be done to the arena. Instead a weight room is planned where the racquetball courts are presently located, to benefit the 5-6 football team. (Continued…)
Bulldog Fan
posted 11/24/08 @ 7:58 PM CST
TO NMSU79. Given there is not much to do in Kirksville why not support all Truman Teams? You mentioned 3x the teams record of 5 - 6, it really was 4 -7, and that is why they need new equipment, more room, better facilities, and most of all better fans who support them. (Continued…)
Truman04
posted 11/25/08 @ 4:57 PM CST
NMSU79 I'm sure that you did not consider this, but how do you expect the 5-6 football team to recruit good athletes so that they can improve with under funded facilities? You may not also realize that regardless of wins or losses a football team generates money for a school and makes the whole school environment better. (Continued…)
Willaim
posted 11/26/08 @ 1:53 PM CST
Where do we draw the line? Last year the students heard the complaints of the sports teams and voted them 600,000 a year for three years for improvements. (Continued…)
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