Austin, Texas
                    FISCAL NOTE, 77th Regular Session
                              March 20, 2001
          TO:  Honorable Rodney Ellis, Chair, Senate Committee on Finance
        FROM:  John Keel, Director, Legislative Budget Board
       IN RE:  SB813  by Brown, J. E. "Buster" (Relating to the creation
               of the spaceport trust fund.), As Introduced
*  No significant fiscal implication to the State is anticipated.        *
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
Source Agencies:   304   Comptroller of Public Accounts
LBB Staff:         JK, SD, JO, RT, ER