SRC-JFA S.C.R. 16 75(R)    BILL ANALYSIS


Senate Research CenterS.C.R. 16
By: Ellis
Finance
2-27-97
As Filed


DIGEST 

Currently, approximately 85 percent of Permanent School Fund (PSF)
investments managed externally pay dividends, compared with 98 percent of
investments managed internally.  According to the comptroller, requiring
96 to 98 percent of all PSF investments to pay a current dividend could
generate a $1.1 million to $3.1 million annually in additional revenues
for school districts.  This resolution would encourage the State Board of
Education to require that 96 to 98 percent of PSF investments pay a
current dividend.     

PURPOSE

As proposed, S.C.R. 16 submits the following resolutions:

To encourage the State Board of Education to require that all stocks
purchased by the Permanent School Fund pay a current dividend.  

To forward an official copy of this resolution to the chairman of the
State Board of Education.