1993-03-18                     Senate Journal                      Page 0842
HB 116                                                                       
CS FOR HOUSE BILL NO. 116(FIN)(title am) by the House                          
Finance Committee, entitled:                                                   
                                                                               
"An Act 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."                                              
                                                                               
was read the first time and referred to the Finance Committee.