MINUTES SENATE COMMITTEE ON FINANCE Tuesday, March 30, 2004 10:30 a.m. Capitol Extension, Room E1.036 ***** Pursuant to a notice posted in accordance with Senate Rule 11.18, a public hearing of the Senate Committee on Finance was held on Tuesday, March 30, 2004, in the Capitol Extension, Room E1.036, at Austin, Texas. ***** MEMBERS PRESENT: MEMBERS ABSENT: Senator Steve Ogden Senator Kyle Janek Senator Judith Zaffirini Senator Todd Staples Senator Kip Averitt Senator Royce West Senator Gonzalo Barrientos Senator Kim Brimer Senator Robert Duncan Senator Jane Nelson Senator Florence Shapiro Senator Eliot Shapleigh Senator John Whitmire ***** The chair called the meeting to order at 10:30 a.m. There being a quorum present, the following business was transacted: The Committee heard invited testimony on the Committee's interim charge relating to Endowment Fund Review. Witnesses testifying and registering on the interim charge are shown on the attached list. At 11:54 a.m. Senator Ogden moved that the Committee stand recessed until 12:25 p.m. Without objection, it was so ordered. The Committee reconvened at 12:25 p.m. Invited testimony on the interim charge relating to Endowment Fund Review resumed. The Committee heard invited testimony on the Committee's interim charge relating to the Rainy Day Fund. Witnesses testifying and registering on the interim charge are shown on the attached list. There being no further business, at 3:25 p.m. Senator Ogden moved that the Committee stand recessed subject to the call of the Chair. Without objection, it was so ordered. ______________________ Senator Steve Ogden, Chair ______________________ Amy Jeter, Clerk