04/21/1997 09:10 AM Senate FIN

                                                                               
       SENATE BILL NO. 177                                                     
                                                                               
       "An  Act  relating  to   the  international  trade  and                 
  business  endowment; and providing for an effective date."                   
                                                                               
  Senator Pearce commented on  behalf of this bill.   She said                 
  there was no  hidden agenda.   The balance of the  endowment                 
  was at about $7 million and they would transfer the original                 
  $4.5  million,  leaving  the  interest  and balance  in  the                 
  University foundation.  She noted there would be forthcoming                 
  fiscal  notes  from the  University  and Commerce.   Senator                 
  Pearce moved SB 177 contingent  upon receipt of fiscal notes                 
  and letters from the University  and Department of Commerce.                 
  Without  objection  it  was  reported  out  with  individual                 
  recommendations and  contingent upon receipt of fiscal notes                 
  and letters.                                                                 
                                                                               
  Co-chair  Sharp  outlined  the  evening  meeting  saying the                 
  committee would take up HB 51.                                               
                                                                               
                                                                               
  ADJOURNMENT                                                                  
                                                                               
  Co-chair Sharp recessed  the committee until 6:00  p.m. this                 
  evening.