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1	MR. BOND: Will somebody tell me what the
2	formula is?
3	THE CHAIRMAN: There are too basic formulas,
4	MR. BOND: Can somebody summarize it?
5	THE CHAIRMAN: Mr. Perkins, can you do it?
6	I used to be able to rattle this off. He wants to know
7	that the grants-in-aid formulas are.
8	MR. BOND: In other words, how is the money
9	established or the formula established?
10	THE CHAIRMAN: Let's see if I can explain it to
11	you this far, and then you can tell him what the formulas
12	are. The thing is financed under what we call an equalize
13	tion program which says —
14	MR. PERKINS: Not any more.
15	MR. DONAHO: Equalization turned out to be dis-
16	equalization program.
17	THE CHAIRMAN: Well, you go ahead.
18	DR. SENSENBAUGH: It is roughly based on
19	$340 per pupil at this point. This is the big basic, and
20	it runs about, a sharing across the State of about forty
21	per cent.