Greg Gibas: Okay. And we would expect maybe more of an update closer to that June timeframe on that?
Brian Evans: If something changes, otherwise we’ll update on the next earnings call.
George Zoley: Well, we would expect an answer within the next few weeks, actually.
Greg Gibas: Okay. Got it. Thanks, guys.
Operator: The next question comes from Kirk Ludtke with Imperial Capital. Please go ahead.
Kirk Ludtke: Hello, everyone. Thank you for the call. Congratulations on the refi. You mentioned the ISAP contract expires in May of next year. What’s the typical process for renewing that? And then also, have there been any developments with respect to that request for information? That implied a pretty significant increase in alternatives to detention?
George Zoley: A procurement process has not been yet announced for the re-bid of that contract. And the lead time for a procurement process in that kind of contract, which is large-scale, large volume, is several months. Probably six, nine, 12 months lead time is necessary to re-procure such a contract. So, we’re not aware that any announcement to that effect has yet occurred, leading to the possibility that the current term could be extended for some period of time.
Brian Evans: And, Kirk, just to correct you there, the expiration date on the existing contract without any renewals, as George was talking about, or short-term extensions, would be July 31 of next year, not May 31.
Kirk Ludtke: July 31. Okay. Thank you. So the lead time is a year. So we’re not quite to that 12-month kind of lead time, but you might start seeing something – seeing some developments there July of this year?
George Zoley: Possibly.
Kirk Ludtke: Yes. Okay. And the request for information from a while ago that was kind of implied as a pretty significant increase in alternatives to detention more broadly, has there been any development on that front?
George Zoley: Well, there was additional funding, but part of that funding was used to offset the deficit that was in that program, as well as other programs. You may recall, I said moments ago that the agency, as a whole had apparently a deficit of approximately $700 million. So the different programs, from detention facilities to ISAP programs to other programs were running hotter at the beginning of the fiscal year. And that had to be made up with this new funding that was made available, just to offset the deficits, before they could achieve higher levels. And I think in both areas of detention and ISAP, we will very possibly see higher levels, but it’s only been recently that they reduced, the lower levels to offset the deficits. Go ahead.
Wayne Calabrese: Yes. This is Wayne. As far as that alternate RFI approach, it seems to have gone fairly dormant. We really haven’t heard much more about that.
Kirk Ludtke: Okay. Great. Thank you. And you mentioned that you’ve got the 10,000 idle beds. Are those all – would those all be appropriate for ICE detainees?
George Zoley: Yes. With some revisions to provide office space for ICE staff, which is not normally a requirement, to any great extent for BOP contracts or Marshall’s contracts. The difference in the ICE facilities, is you have more on-site ICE personnel, and you also probably need some courtrooms, and other ancillary things.
Kirk Ludtke: Got it. I appreciate it. Thank you very much.
Operator: This concludes our question-and-answer session. I would like to turn the conference back over to George Zoley for any closing remarks.
George Zoley: Thank you very much. We look forward to addressing you at the next conference call.
Operator: The conference is now concluded. Thank you for attending today’s presentation. You may now disconnect.
