HB 267 - REVISE FOUNDATION FORMULA, SMALL SCHOOLS Number 005 CHAIR BUNDE said that the bill had been discussed previously and that it provides for single site schools to be included in the foundation formula. He asked for further discussion. REP. VEZEY said, "I'd like to know a little more about the basis of these numbers and what these numbers really translate to, into dollars and adjustments." CHAIR BUNDE stated for the record that Rep. Brice arrived at 3:08 p.m. He then asked for clarification of which numbers Rep. Vezey was referring to. REP. VEZEY said "the factors." Number 076 REP. OLBERG offered the assistance of Larry LaBolle. Number 080 LARRY LABOLLE, Legislative Aid to Rep. Richard Foster, Prime Sponsor of HB 267, stated that he did not have a fiscal note included in his bill packet to refer to. REP. OLBERG interjected that the fiscal note exactly matches the amount of last year's appropriation. MR. LABOLLE said the fiscal note dated February 1, 1994, is for $3,372,100 for fiscal year (FY) 1995. Number 143 REP. VEZEY said, "my question was more specifically... the factor 1.12 for schools with membership below 250 and 1.08 for schools with membership below 525 and 1.06 with schools with membership below 800." MR. LABOLLE said those are calculations that were derived by Dr. Cole, who is the author of the foundation formula. He indicated that Dr. Cole came back and did a study of the foundation unit and offered these recommendations when the study was completed. REP. VEZEY asked when the study was done. MR. LABOLLE replied that it was conducted two years ago. Number 173 REP. VEZEY asked if there was anything in the bill packets pertaining to Dr. Cole's study. MR. LABOLLE said that he personally had a copy of the report which showed how those figures were derived. REP. VEZEY said he would appreciate receiving a copy. CHAIR BUNDE asked if there was other information to support those figures. Number 200 WANDA COOKSEY, Representative, Single Site School Consortium, offered fiscal information to Rep. Vezey. REP. OLBERG asked Chair Bunde to identify Wanda Cooksey for the record. Number 229 CHAIR BUNDE said it was his intention to pass HB 267 out of committee and on to the Finance Committee. REP. VEZEY made a motion to pass HB 267 out of committee with individual recommendations and accompanying fiscal note. CHAIR BUNDE, hearing no objections, declared HB 267 was so moved. He then brought HB 361 to the table.