By AP/KWMU
Jefferson City, Mo. – Attorney General Jay Nixon is suing the board of directors of Missouri's college loan authority.
He said Monday the board violated open meeting laws when creating and endorsing a plan to sell some loan assets.
In a brief meeting with no public discussion, the board voted January 31st to back the sale of $2.4 billion in loan assets this year.
The plan included the gradual sale of additional loans to net a total of $450 million for Governor Blunt's higher education initiatives.