HOUSE BILL NO. 58                                                                                                               
                                                                                                                                
An Act relating to certain audits regarding oil and gas                                                                         
royalty and net profits and to audits regarding costs                                                                           
relating to exploration incentive credits and oil and                                                                           
gas exploration licenses; and providing for an                                                                                  
effective date.                                                                                                                 
                                                                                                                                
Co-Chair Therriault noted that the Department had requested                                                                     
to withdraw Amendment #2, which was a concern addressed in                                                                      
another bill.  He explained how funding would be addressed                                                                      
within the fiscal notes.                                                                                                        
                                                                                                                                
Representative Foster MOVED to report CS HB 58 (FIN) out of                                                                     
Committee with individual recommendations and with the                                                                          
accompanying fiscal notes.  There being NO OBJECTION, it was                                                                    
so ordered.                                                                                                                     
                                                                                                                                
CS HB 58 (FIN) was reported out of Committee with a "no                                                                         
recommendation" and with fiscal notes by Department of                                                                          
Natural Resources and Department of Revenue dated 3/8/00.