Legislature(1997 - 1998)
1998-05-11 Senate Journal
Full Journal pdf1998-05-11 Senate Journal Page 4071 HB 393 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 was read the second time. Senator Sharp, Cochair, moved and asked unanimous consent for the adoption of the Finance Senate Committee Substitute offered on page 3971. Without objection, SENATE CS FOR CS FOR HOUSE BILL NO. 393(FIN) was adopted and read the second time. Senator Ward offered Amendment No. 1 : Page 6, line 17, following "project.": Insert "(a)" Page 6, line 20: Delete all material and insert: "(1) is primarily for the transport or export of natural gas or liquefied natural gas;" Page 6, line 22: Delete "and" Page 6, line 25, following "project": Insert "; and (4) does not involve the transport of fuel produced with gas-to-liquids technology. (b) The commissioner may not determine that a proposal for new investment is a qualified project under this chapter if the project or proposal involves the transport of fuel produced with gas-to- liquids technology" 1998-05-11 Senate Journal Page 4072 HB 393 Senator Ward moved for the adoption of Amendment No. 1. Objections were heard. The question being: Shall Amendment No. 1 be adopted? The roll was taken with the following result: SCS CSHB 393(FIN) Second Reading Amendment No. 1 YEAS: 6 NAYS: 12 EXCUSED: 0 ABSENT: 2 Yeas: Adams, Halford, Kelly, Miller, Sharp, Ward Nays: Donley, Duncan, Ellis, Green, Hoffman, Leman, Lincoln, Mackie, Parnell, Pearce, Phillips, Taylor Absent: Torgerson, Wilken and so, Amendment No. 1 failed. Senator Taylor moved and asked unanimous consent that the bill be considered engrossed, advanced to third reading and placed on final passage. Without objection, it was so ordered. SENATE CS FOR CS FOR HOUSE BILL NO. 393(FIN) was read the third time. The question being: Shall 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 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 pass the Senate? The roll was taken with the following result: 1998-05-11 Senate Journal Page 4073 HB 393 SCS CSHB 393(FIN) Third Reading - Final Passage Effective Date YEAS: 19 NAYS: 0 EXCUSED: 0 ABSENT: 1 Yeas: Adams, Donley, Duncan, Ellis, Green, Halford, Hoffman, Kelly, Leman, Lincoln, Mackie, Miller, Parnell, Pearce, Phillips, Sharp, Taylor, Torgerson, Ward Absent: Wilken and so, SENATE CS FOR CS FOR HOUSE BILL NO. 393(FIN) passed the Senate. Senator Taylor moved and asked unanimous consent that the vote on the passage of the bill be considered the vote on the effective date clause. Without objection, it was so ordered. Senator Taylor gave notice of reconsideration.