04/14/2003 03:32 PM Senate RES

                  SB  50-ROYALTY GAS CONTRACTS                                                                              
                                                                                                                                
CHAIR  OGAN  announced  a  committee  substitute  (CS)  had  been                                                               
prepared, labeled  Version Q. He  informed members that a  lot of                                                               
committee members'  questions and concerns were  addressed in the                                                               
CS  but a  few additional  amendments need  to be  considered. He                                                               
said because  this CS is  new, he would  hold it in  committee to                                                               
give members time to review it.                                                                                                 
                                                                                                                                
SENATOR WAGONER moved to adopt  Version Q as the working document                                                               
of the committee.                                                                                                               
                                                                                                                                
CHAIR  OGAN  announced  that without  objection,  Version  Q  was                                                               
adopted.                                                                                                                        
                                                                                                                                
SENATOR WAGONER  moved to adopt  an amendment with  the following                                                               
changes:                                                                                                                        
                                                                                                                                
     On page 2, line 31, change "shall" to "may"                                                                                
     On page 3, line 17, change "and" to "or"                                                                                   
     On page 3, line 20, change "and" to "or"                                                                                   
                                                                                                                                
CHAIR OGAN noted without objection, the amendment was adopted.                                                                  
He then said SB 50 would be taken up on Wednesday and adjourned                                                                 
the meeting at 5:20 p.m.