1998-05-07                     Senate Journal                      Page 3866
HB 393                                                                       
Senator Halford, Chair, moved and asked unanimous consent that the             
Resources Committee referral be waived on CS FOR HOUSE BILL                    
NO. 393(RES) 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 states 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. Without objection, the bill was               
referred to the Finance Committee.