Jun 10, 2010 12:04 PM by Melissa Canone

House Leaders Trying To Gain Ground In Dispute With Senate Over "Rainy Day" Fund

BATON ROUGE, La. (AP) - House leaders are trying to gain ground
in their dispute with the Senate over the state's "rainy day"
fund by undoing the statute at the center of the complaint.
Rep. Jim Fannin quietly slipped language into a Senate bill
Wednesday that would repeal the part of the rainy day fund law with
which House leaders disagree.
The House and Senate both want to use the rainy day fund to help
balance the budget, but they disagree on when it must be repaid.
House leaders think it must be repaid immediately. Senate leaders
say it won't have to be repaid for years.
The Senate is relying on a provision approved by lawmakers last
year. Fannin is proposing to repeal that. That proposal heads back
to the Senate for approval, certain to run into opposition.


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