The following legislation was under discussion during the subcommittee meeting. HOUSE BILL NO. 26 "An Act relating to the base student allocation used in the formula for state funding of public education; and providing for an effective date." HOUSE BILL NO. 220 "An Act relating to the base student allocation used in the formula for state funding of public education; and providing for an effective date." HOUSE BILL NO. 222 "An Act requiring an annual inflation adjustment of the base student allocation used in the formula for state funding of public education; and providing for an effective date." HOUSE BILL NO. 265 "An Act requiring an annual adjustment of the base student allocation used in the formula for state funding of public education; and providing for an effective date." HOUSE BILL NO. 361 "An Act making an appropriation to the Department of Education and Early Development for distribution to school districts for direct classroom instruction; and providing for an effective date." ^Presentation: Eddy Jeans, School Finance Manager NOTE: The meeting was recorded and handwritten log notes were taken. A copy of the tape(s) and log notes may be obtained by contacting the House Records Office at State Capitol, Room 3, Juneau, Alaska 99801 (mailing address), (907) 465-2214, and after adjournment of the second session of the Twenty-Third Alaska State Legislature this information may be obtained by contacting the Legislative Reference Library at (907) 465-3808.