SRC-AAA S.B. 1497 75(R)   BILL ANALYSIS


Senate Research Center   S.B. 1497
By: Brown
Finance
4-15-97
As Filed


DIGEST 

Currently, fees dedicated to the Texas Real Estate Research Center are
swept into the state general revenue fund.  This bill re-creates a
separate account at Texas A&M University and requires money in that
account to be expended for maintenance and support of  the Texas Real
Estate Research Center.  

PURPOSE

As proposed, S.B. 1497 re-creates a separate account and requires money in
that account to be expended for maintenance and support  of  the Real
Estate Research Center.  

RULEMAKING AUTHORITY

This bill does not grant any additional rulemaking authority to a state
officer, institution, or agency. 

SECTION BY SECTION ANALYSIS

SECTION 1. Amends Section 5(m), Article 6573a, V.T.C.S., to authorize,
rather than require, money in a separate banking account to be expended
only for the support and maintenance of the Texas Real Estate Research
Center and for carrying out the purposes and duties of the center.
Provides that the separate account is exempt from Section 403.095,
Government Code. 

SECTION 2. Provides that SECTION 1 of this Act is intended to re-create
the separate account established by Section 5(m), Article 6573a, V.T.C.S. 

SECTION 3. Emergency clause.
  Effective date: upon passage.