1998-05-10                     Senate Journal                      Page 3971
HB 393                                                                       
The Finance Committee considered CS FOR HOUSE BILL NO.                         
393(RES) 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 states 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 and recommended it be replaced with                                       
                                                                               
SENATE CS FOR CS FOR HOUSE BILL NO.                                           
393(FIN)                                                                       
                                                                               
                                                                               

1998-05-10                     Senate Journal                      Page 3972
HB 393                                                                       
Signing no recommendation: Senators Sharp, Pearce, Cochairs,                   
Senator Parnell. Signing do pass: Senators Phillips, Adams,                    
Torgerson, Donley.                                                             
                                                                               
Previous House fiscal notes apply to the Senate Committee                      
Substitute.                                                                    
                                                                               
The bill was referred to the Rules Committee.