1998-07-15                     House Journal                      Page 4085
HB 393                                                                       
A message dated June 17 was received on June 18, 1998, stating the             
Governor has signed the following bill and is transmitting the                 
engrossed and enrolled copies to the Lieutenant Governor's office for          
permanent filing:                                                              
                                                                               
SENATE CS FOR CS FOR HOUSE BILL NO. 393(FIN)                                  
"An Act relating to contracts with the state establishing payments            
in lieu of other taxes by a qualified sponsor or qualified sponsor             
group for projects to develop stranded gas resources in the state;             
providing for the inclusion in the contracts of terms making certain           
adjustments regarding royalty value and the timing and notice of               
the state's right to take royalty in kind or in value from projects to         
develop stranded gas resources in the state; relating to the effect            
of the contracts on municipal taxation; and providing for an                   
effective date."                                                               
                                                                               
Chapter No. 104, SLA 1998                                                     
Effective Date:  June 18, 1998