LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                        February 14, 1995



 TO:     Honorable Tom Craddick, Chair          IN RE:  House Bill No. 735
         Committee on Ways & Means                      By: Craddick
         House of Representatives
         Austin, Texas







FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
735 (Relating to uses of balances in the inaugural fund; making
appropriations.) this office has determined the following:

The bill would create the Governor's Endowment Fund and the
Lieutenant Governor's Endowment Fund as accounts in the General
Revenue Fund.   These fund would each  receive a portion of the
revenue currently on deposit in the Inaugural Fund Account 472.  
Revenue in the Inaugural Fund Account would divide in the
following manner:  $100,000 plus the amount necessary to fund
obligations of the inaugural committee would remain in the
Inaugural Fund Account; the remainder would be transferred  to
the Governor's Endowment Fund and the Lieutenant Governor's
Endowment Fund  in equal amounts.  Three-member committees would
be appointed by the Governor and Lieutenant Governor,
respectively, to administer each fund.  

The bill would appropriate the balances of the Governor's
Endowment Fund and the Lieutenant Governor's Endowment Fund to
the respective committees for the period ending August 31, 1995. 
Revenue in the funds could be expended for improvement of state
property or for educational, historical or charitable purposes

The probable fiscal implication of implementing the provisions of
the bill during each of the first  five years following passage
is estimated as follows:
         




            Fiscal  Probable Reduction
             Year     in the Amount   
                      Available for   
                    Certification from
                       the General    
                       Revenue Fund   
                                      
          1995                $368,000
          1996                       0
                                      
          1997                       0
                                      
          1998                       0
          1999                       0
                                      
          2000                       0
                                      
                                      
                                      

          Fiscal     Probable     Probable    Appropriation   Appropriation
           Year      Revenue      Revenue      out of the      out of the 
                     Gain to      Gain to      Governor's       Lieutenant
                       the          the         Endowment       Governor's
                    Governor's   Lieutenant       Fund          Endowment
                    Endowment    Governor's                        Fund
                       Fund      Endowment
                                    Fund

        1995          $184,000     $184,000        $184,000         $184,000
        1996                 0            0               0                0

        1997                 0            0               0                0
        1998                 0            0               0                0

        1999                 0            0               0                0

        2000                 0            0               0                0



       No significant fiscal implication to units of local government is
anticipated.




Source:   Comptroller of Public Accounts
          LBB Staff: JK, RS, DF