LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                           May 15, 1995



 TO:     Honorable Ken Armbrister, Chair        IN RE:  House BillNo. 2390,
         Committee on State Affairs                           as engrossed
         Senate                                         By: Black
         Austin, Texas








FROM: John Keel, Director

In response to your request for a Fiscal Note on House Bill No.
2390 (Relating to the abolishment of the Texas High-Speed Rail
Authority.) this office has determined the following:

The bill would repeal Article 6674v.2, abolishing the Texas High
Speed Rail Authority as of September 1, 1995, and transferring
all unobligated amounts in the High Speed Rail Account to the
general revenue fund.  Since this account is a consolidated fund
that is scheduled to lose its dedication and lapse into the
general revenue fund as of that date, unless appropriated, there
would be no additional gain to the general revenue fund. The bill
would also transfer all property and records to the General
Services Commission.



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

        




Source:   LBB Staff: JK, BR, DF