1998-05-11                     Senate Journal                      Page 4040
HB 393                                                                       
The Rules Committee considered 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. Signing to calendar: Senator Kelly, Chair, Senators Duncan,              
Taylor, Leman, Torgerson.                                                      
                                                                               

1998-05-11                     Senate Journal                      Page 4041
HB 393                                                                       
The bill is on todays first supplemental calendar.