1998-05-12                     House Journal                      Page 3916
HB 393                                                                       
A message dated May 12, 1998, was read stating the Senate has passed           
CSHB 393(RES) with the following amendment and it is transmitted               
for consideration:                                                             
                                                                               
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 state's 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."                                                               
                                                                               
                                                                               
CSHB 393(RES) is under Unfinished Business.