Kinder loan
2:04 pm
Thu December 30, 2010

Former Mo. gov forgives loan to current Lt. Gov.

Former Missouri Gov. Matt Blunt has forgiven a loan he made to the man who wants the job he once held.

Blunt lent fellow Republican Peter Kinder, currently the state's lieutenant governor, $300,000 for Kinder's 2008 campaign. It was the only debt Kinder had left to pay back  (scroll to page 3 of the document) from that race, and Blunt's decision to forgive the loan came on the last day to do so.

Kinder had established a so-called debt service committee, which allows candidates to raise money to pay back loans. By state law, those have to be terminated within 18 months. Kinder formed his committee on June 30th.

Kinder has yet to officially announce his candidacy for governor, but he's been laying the groundwork to challenge Jay Nixon in 2012.