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Mon: The latest...
posted at 2008-06-30 18:37 | Last modified 2008-06-30 18:38
Tonight's legislative scuttlebutt:
Budget
It's gridlock time. Apparently, House negotiators aren't budging on their education proposal, and the Senate isn't budging on its capital proposal.
I'm told it got so tense that the biggest of the "big chairs" (maybe Holliman, Owens, Michaux, Garrou, and Rand) went into a small room to talk amongst themselves. No word yet on how that turned out.
The goal is to get a conference report read in by Tuesday midnight, then vote on it Wed and Thurs. It IS a two-day bill, thanks to fee increases and COPS spending.
(BTW, we will see a CR tonight for the grant programs I mentioned earlier.)
Involuntary Annexation Moratorium
No, seriously -- I hear H2367 WILL actually come up for a vote on the House floor tonight. Tonight's debate, the first, will be short, but Republican leaders say they'll object to a 3rd reading in order to get more floor time and amendments tomorrow.
The Gov
Governor Mike Easley's holding a press conference tomorrow to announce a proposal for an alternative foreclosure method. It would change the process through which lenders foreclose on certain subprime mortgages known as "rate-spread" loans.
I'm told the proposal has the backing of the NC Bankers Assn., Bank of America, and the state's mortgage lenders, as well as advocacy groups like the Center for Responsible Lending and the NC Justice Center. The deal's been months in the making.
Look for the Governor's plan to show up in a committee substitute for one of the mortgage relief bills currently under consideration. H2623 could be a good bet.
Comments? Drop me a line.
