LEGISLATIVE BUDGET BOARD
                                   Austin, Texas
         
                                   FISCAL NOTE
                               75th Regular Session
         
                                  March 31, 1997
         
         
      TO: Honorable Irma Rangel, Chair            IN RE:  House Bill No. 2055
          Committee on Higher Education                              By: Maxey
          House
          Austin, Texas
         
         
         
         
         FROM:  John Keel, Director    
         
In response to your request for a Fiscal Note on HB2055 ( Relating 
to prepaid higher education tuition scholarships for needy students.) 
this office has detemined the following:
         
         Biennial Net Impact to General Revenue Funds by HB2055-As Introduced
         
No fiscal implication to the State is anticipated.  

The 
bill would make no appropriation but could provide the legal 
basis for an appropriation of funds to implement the provisions 
of the bill.
         

         
 
The bill would partially implement Texas Performance Review 
(TPR) recommendation ED17.  The bill would require the Prepaid 
Higher Education Tuition Board to establish guidelines for receiving 
money from the private sector for scholarships, including guidelines 
for accepting contributions, subject to an agreement with the 
contributor that the funds be used for a scholarship awarded 
for a specific use or purpose.

The bill would also allow 
scholarships to be funded with public funds, if public funds 
were appropriated for that purpose, or by any combination of 
public and private funds.
          
No fiscal implication to units of local government is anticipated.
          
   Source:            Agencies:   781   Higher Education Coordinating Board
                                         304   Comptroller of Public Accounts
                                         
                      LBB Staff:   JK ,LP ,LD