1998-03-09                     House Journal                      Page 2578
HB 393                                                                       
The Speaker added a Resources Committee referral to precede the                
Finance Committee referral for the following:                                  
                                                                               
HOUSE BILL NO. 393                                                            
"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 such contracts of terms making                  
certain adjustments regarding royalty value and the timing and                 
notice of the state's right to take royalty in kind or in value from           
such projects; relating to the effect of such contracts on municipal           
taxation; and providing for an effective date."                                
                                                                               
HB 393 is in the House Special Committee on Oil & Gas.