1993-03-12                     House Journal                      Page 0610
HB 116                                                                       
The Finance Committee has considered:                                          
                                                                               
HOUSE BILL NO. 116                                                            
"An Act directing the commissioner of natural resources to accept,            
under certain circumstances, the contract price agreed to between              
a lessee of federal land and a gas or electric utility as the value of         
the federal government's royalty share from natural gas production             
when royalty is payable to the state under applicable federal law;             
and providing for an effective date."                                          
                                                                               
and recommends it be replaced with:                                            
                                                                               
CS FOR HOUSE BILL NO. 116(FIN)                                                
"An Act relating to royalty gas contracts, amending the manner of             
determining the royalty received by the state on gas production,               
and directing the commissioner of natural resources to accept,                 
under certain circumstances, the contract price agreed to between              
a lessee of federal land and a gas or electric utility as the value of         
the federal government's royalty share from natural gas production             
on federal land from which the state is entitled under applicable              
federal law to receive a share of the royalty on gas production; and           
providing for an effective date."                                              
                                                                               
The report was signed by Representatives Larson and MacLean, Co-               
chairs, with the following individual recommendations:                         
                                                                               
Do pass (7):  Larson, Hanley, Martin, Parnell, Navarre, Therriault,            
Foster                                                                         
                                                                               

1993-03-12                     House Journal                      Page 0611
HB 116                                                                       
Do not pass (1):  Grussendorf                                                  
                                                                               
No recommendation (2):  MacLean, Brown                                         
                                                                               
The following fiscal note applies to CSHB 116(FIN):                            
                                                                               
Zero fiscal note, Dept. of Natural Resources, 2/25/93                          
                                                                               
HB 116 was referred to the Rules Committee for placement on the                
calendar.