1998-05-12                     Senate Journal                      Page 4184
HB 393                                                                       
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 was                    
engrossed, signed by the President and Secretary and returned to the           
House for consideration with a Senate Letter of Intent.