House Bill No. by Representative Thompson aims to establish the Northeast Louisiana Multimodal District by enacting Subpart G-2 of Part IV of Chapter 1 of Title 33 of the Louisiana Revised Statutes. This new district will have the authority to promote and encourage the development of rail service and industrial and economic growth within its boundaries. The bill outlines specific powers and duties for the district, including the ability to enter into contracts for the acquisition and improvement of necessary facilities, exercise powers similar to those of industrial and economic development boards, and create subdistricts.

The proposed law retains existing provisions that allow for the creation of railroad development districts by the governing authorities of multiple parishes, which are recognized as political subdivisions of the state. The Northeast Louisiana Multimodal District will be empowered to engage in activities that stimulate economic development through enhanced rail services, thereby creating job opportunities and utilizing local resources. The bill will take effect upon the governor's signature or after the designated time for gubernatorial action if not signed.