BILL ANALYSIS


                                                        S.B. 1115
                                                   By: Barrientos
                                                          Finance
                                                          4-28-95
                                     Committee Report (Unamended)
BACKGROUND

A piece of property was purchased from the Resolution Trust
Corporation with the understanding that it was available for
commercial development.  Because the property was in the master
plan for the Capitol Complex, the commercial development was not a
realistic option.

In 1993, the owner of the property approached the General Services
Commission to offer the property for sale.  Currently, the GSC does
not have the authority to purchase the property.

PURPOSE

As proposed, S.B. 1115 authorizes the General Services Commission
to purchase certain properties in Austin, Texas, on behalf of the
state.

RULEMAKING AUTHORITY

It is the committee's opinion that this bill does not grant any
additional rulemaking authority to a state officer, institution, or
agency.

SECTION BY SECTION ANALYSIS

SECTION 1. Authorizes the General Services Commission to purchase
the property described by Section 2 of this Act for a price not to
exceed $2 million on behalf of the state.

SECTION 2. Sets forth and describes the property to be purchased.

SECTION 3. Emergency clause.
           Effective date: upon passage.