1996-03-25                     House Journal                      Page 3302
HB 325                                                                       
The Finance Committee has considered:                                          
                                                                               
HOUSE BILL NO. 325                                                            
An Act authorizing suspension of payment of a portion of the                  
royalty due the state for initial production of heavy oil from wells           
on the Arctic Slope.                                                           
                                                                               
and recommends it be replaced with:                                            
                                                                               
CS FOR HOUSE BILL NO. 325(FIN)                                                
An Act authorizing exemption from payment of royalty for initial              
production of a portion of the heavy oil produced from wells on                
the Arctic Slope; and providing for an effective date.                         
                                                                               
                                                                               
The report was signed by Representatives Hanley and Foster, Co-                
chairs, with the following individual recommendations:                         
                                                                               
Do pass (3): Foster, Mulder, Kohring                                           
                                                                               
Do not pass (1): Brown                                                         
                                                                               
No recommendation (4): Kelly, Hanley, Parnell, Therriault                      
                                                                               
Amend (1): Navarre                                                             
                                                                               
                                                                               
The following fiscal notes apply to CSHB 325(FIN):                             
                                                                               
Fiscal note, Dept. of Revenue, 3/25/96                                         
Fiscal note, Dept. of Natural Resources, 1/24/96                               
                                                                               
HB 325 was referred to the Rules Committee for placement on the                
calendar.