Senate Bill No. by Senator Luneau amends R.S. 34:335.4(C) concerning the Central Louisiana Regional Port. The bill allows the board of commissioners to incur debts and issue negotiable bonds or notes with the approval of the State Bond Commission, pledging revenues from the operation of port properties and facilities for repayment. Notably, the bill removes the previous limitation that restricted the amount of outstanding bonds or notes to ten million dollars.

The proposed changes enhance the board's financial flexibility by eliminating the cap on bond issuance, thereby enabling the port to secure additional funding for its operations and development. The bill is set to take effect on August 1, 2025.

Statutes affected:
SB50 Original: 34:4(C)