LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          March 1, 1995



 TO:     Honorable Ken Armbrister, Chair        IN RE:  Senate Joint
         Committee on State Affairs             Resolution
         Senate                                                No. 29
         Austin, Texas                                  By: West, Royce








FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Joint
Resolution No. 29 (Proposing a constitutional amendment
authorizing the legislature to provide for the issuance of bonds
for the state financing of start-up costs for historically
underutilized businesses.) this office has determined the
following:

The Resolution proposes a constitutional amendment which, if
adopted, would authorize the Legislature to provide for the
issuance of $50,000,000 in general obligation bonds for capital
growth and start-up funds for HUB's.  Fiscal implications would
be dependent upon enabling legislation such as SB 382 or similar
legislation.

The cost to the State for publication of the resolution is
$90,000.


No fiscal implication to units of local government is
anticipated.




Source:   Legislative Budget Board
          LBB Staff: JK, VS, DF