LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 20, 1995



 TO:     Honorable Irma Rangel, Chair           IN RE:  House Bill No. 1877
         Committee on Higher Education                  By: Stiles
         House of Representatives
         Austin, Texas






FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
1877 (Relating to the authority of the board of regents of The
University of Texas System to delegate certain powers and duties
of the board) this office has determined the following:

The bill would grant the board of regents of The University of
Texas System authority to delegate to others certain powers and
duties of the board including investment operations currently
performed by the system administration.  The bill would allow the
board of regents to transfer investment operations to a nonprofit
corporation.


No fiscal implication to the State or units of local government
is anticipated.


Source:   Higher Education Coordinating Board
          LBB Staff: JK, MK, WRR