Legislature(1997 - 1998)

1998-05-28 House Journal

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1998-05-28                     House Journal                      Page 3990
HB 393                                                                       
The following was enrolled, signed by the Speaker and Chief Clerk,             
President and Secretary of the Senate, and the engrossed and enrolled          
copies were transmitted to the Office of the Governor at 11:05 a.m.,           
May 27, 1998:                                                                  
                                                                               

1998-05-28                     House Journal                      Page 3991
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 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."