LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 8, 1995



 TO:     Honorable Ken Armbrister, Chair        IN RE:  Senate Joint
         Committee on State Affairs             Resolution
         Senate                                                No. 1
         Austin, Texas                                  By: Ellis








FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Joint
Resolution No. 1 (Proposing a constitutional amendment abolishing
the office of state treasurer.) this office has determined the
following:

The resolution proposes a constitutional amendment which, if
adopted would provide for the abolishment of the constitutional
office of the State Treasury effective August 31, 1996.

The resolution would require the transfer of constitutional
duties to the Comptroller of Public Accounts and the transfer of
statutory duties to officers and agencies of state government in
accordance with general law.

The resolution would require that a constitutional amendment be
presented to the voters in an election held on November 7, 1995.

Fiscal implications would be dependent upon implementing
legislation such as Senate bill 20.


No fiscal implication to units of local government is
anticipated.


Source:   Comptroller of Public Accounts, Treasury Department
          LBB Staff: JK, MS, DF