The SLD released wave 39 in FY 2006 this week committing $29,406,703.14 with $15,234,569.80 being committed for priority two requests.  The SLD has committed $1,667,877,913 and has $1,126,052,109 still pending for FY 2006 applications.  The SLD has not indicated when they might be able to lower the FY 2006 discount rate below the 86% discount threshold.
 
The full funding waves can be viewed at E-rate Manager Wave Reports