SENATE COMMITTEE ON FINANCE 
                              Tuesday, March 16, 2004 
                                     9:00 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 16, 2004, in the Capitol Extension, Room  
         E1.036, at Austin, Texas. 
         MEMBERS PRESENT:                        MEMBERS ABSENT: 
         Senator Steve Ogden                     Senator Kip Averitt 
         Senator Judith Zaffirini                Senator Kyle Janek 
         Senator Gonzalo Barrientos              Senator Royce West 
         Senator Kim Brimer 
         Senator Robert Duncan 
         Senator Jane Nelson 
         Senator Florence Shapiro 
         Senator Eliot Shapleigh 
         Senator Todd Staples 
         Senator John Whitmire 
         The chair called the meeting to order at 9:04 a.m.  There being  
         a quorum present, the following business was transacted:   
         The Committee heard invited testimony on State and Local Debt,  
         including the Committee's interim charges relating to the  
         Issuance of State Bonds, and Tuition Revenue Bond Authorization.   
         Witnesses testifying and registering on the interim charges are  
         shown on the attached list. 
         There being no further business, 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