The conference committee on the supplemental budget reconvened this evening and tackled a number of non-budget provisions. The most controversial item discussed and passed deals with the maximum effort loan program (also known as the capital loan program). As many of you know, both the House and Senate generated approximately $50 million in spending by anticipating that a small group of districts in the program would choose to repay their loans early, but it is uncertain how many of these districts would actually choose that route. The conference committee decided to limit one of the advantages of being in the program this evening (perhaps in hopes of persuading these districts to repay their loans), which will certainly be met with resistance from these districts, several of which are members of SEE. It's certainly something to stay tuned to.
The conference committee will be reconvening tomorrow at some point, but there is some question as to what the final outline of the bill will be and whether or not an omnibus bill consisting solely of language would be pursued. Just another thing to keep those of us in this business awake at night.
Let's have another "waiting" song. This one comes from the Kinks with their 1965 hit "Tired of Waiting for You."