LEGISLATIVE BUDGET BOARD
                          Austin, Texas

                           FISCAL NOTE
                       74th Regular Session

                          April 1, 1995



 TO:     Honorable Senator John T. Montford,    IN RE:  Senate Joint
         Chair                                  Resolution
         Committee on Finance                                  No. 36
         Senate                                         By: Montford
         Austin, Texas







FROM: John Keel, Director

In response to your request for a Fiscal Note on Senate Joint
Resolution No. 36 (Proposing a constitutional amendment to
authorize the legislature to exempt from ad valorem taxation
certain property of certain organizations chartered by the
Congress of the Republic of Texas.) this office has determined
the following:

The resolution proposes a constitutional amendment  which, if
adopted, would authorize the Legislature to exempt from ad
valorem taxation certain property owned by organizations charted
by the Congress of the Republic of Texas.

The fiscal impact of the resolution's provisions on the State and
units of local government would depend on enabling legislation.

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







Source:   Comptroller of Public Accounts
Legislative Budget Board
          LBB Staff: JK, BR, DF