LEGISLATIVE BUDGET BOARD
                              Austin, Texas
                                     
                    FISCAL NOTE, 77th Regular Session
  
                              March 13, 2001
  
  
          TO:  Honorable Jim Solis, Chair, House Committee on Economic
               Development
  
        FROM:  John Keel, Director, Legislative Budget Board
  
       IN RE:  HB1964  by Seaman (Relating to the creation of the
               spaceport trust fund.), As Introduced
  
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*  No significant fiscal implication to the State is anticipated.        *
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The bill would amend Chapter 482 of the Government Code to establish the
Spaceport Trust Fund as a trust fund under the Comptroller of Public
Accounts and administered by the Texas Aerospace Commission (TAC).  The
trust fund would consist of money from gifts, grants, or donations to the
fund and money from any other source designated by the Legislature.

In the past, the agency has received donations totaling $92,264 for
Spaceport Initiatives.

The bill would take effect September 1, 2001.
  
Local Government Impact
  
No significant fiscal implication to units of local government is
anticipated.
  
  
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, JO, RT, ER