Ray County Courthouse welcomed District 53 State Representative Terry Thompson and Missouri State Treasurer Vivek Malek to present the MOBUCK$ Program to county commissioners on Tuesday. Malek shared his plan to work on legislation that would expand the successful MOBUCK$ low-interest loan program’s capacity. Due to inflationary pressures, the Federal Reserve Bank has continued to raise interest rates, he said. “Through the MOBUCK$ program, we can help as much as we can in a small way. It’s a great program and it has been a program since 1984. The program is where the Missouri Treasurer’s Office partners with Missouir banks to provide loans at lower interest rates helping borrowers save money,” explained Malek. “It’s an old program, it’s been around since the 1980s, and it’s a low-interest loan program,” said Thompson. “Today, if they use it, they could save as much as 30% on the individual interest cost – which is tremendous.” Thompson explained that in March 2021, an average…