Austin, Texas
                    FISCAL NOTE, 77th Regular Session
                              March 22, 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.), Committee Report 1st
               House, Substituted
*  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 outside the treasury 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