MINUTES 
                                           
                            SENATE COMMITTEE ON FINANCE 
                               Monday, July 19, 2004 
                                     2:00 p.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 Monday, July 19, 2004, in the Capitol Extension, Room  
         E1.036, at Austin, Texas. 
          
                                       ***** 
                                           
         MEMBERS PRESENT:                        MEMBERS ABSENT: 
         Senator Steve Ogden                     Senator Bob Deuell 
         Senator Judith Zaffirini                Senator Robert Duncan 
         Senator Kip Averitt                     Senator Florence Shapiro 
         Senator Gonzalo Barrientos              Senator Todd Staples 
         Senator Kim Brimer                      Senator John Whitmire 
         Senator Kyle Janek 
         Senator Jane Nelson 
         Senator Eliot Shapleigh 
         Senator Royce West 
         Senator Tommy Williams 
                                           
                                       ***** 
                                           
         A joint hearing of the Senate Finance Committee and the Senate  
         Subcommittee on Higher Education was held.  Chairmen Ogden and  
         West shared presiding duties. 
          
         Senator Ogden called the Finance Committee to order at 2:00 p.m.   
         Senator West called the Subcommittee on Higher Education to  
         order at 2:01 p.m. The roll call was taken for the Subcommittee  
         on Higher Education; a quorum was present. 
          
         The following business was transacted: 
          
         The Committee heard invited testimony on the interim charge  
         relating to Funding for Higher Education.  Witnesses testifying  
         and registering on the interim charge are shown on the attached  
         list.      
          
         Senator Averitt moved adoption of the Subcommittee on Higher Education minutes from the previous hearing held on June 24, 2004;  
         without objection, it was so ordered. 
          
         Invited testimony resumed. 
          
         There being no further business, at 4:19 p.m. Senator Ogden moved that the Senate Finance Committee stand  
         recessed until 8:00 a.m., July 20, 2004; without objection, it was so ordered. There being no further business,  
  
         at 4:20 p.m. Senator West moved that the Senate Subcommittee on Higher Education stand recessed until  
         8:00 a.m., July 20, 2004; without objection, it was so ordered. 
          
         ______________________ 
         Senator Steve Ogden, Chair 
          
         ______________________ 
         Amy Jeter, Clerk