The bill amends and reenacts specific sections of Louisiana law concerning the Lake Providence Port Commission, specifically R.S. 34:1503(C) and 1504(C). It expands the powers of the commission by allowing it to regulate commerce and traffic within the port area, manage public facilities, and establish harbor lines in agreement with the corps of engineers. Notably, the commission is now authorized to acquire, construct, own, operate, and maintain terminal rail facilities, including those beyond East Carroll Parish, to enhance rail transportation to and from the port area. The bill also clarifies that the commission can charge fees for its services and facilities.

Additionally, the bill modifies the commission's authority to issue bonds. It removes the previous limitation on the amount of outstanding bonds, which was capped at fifteen million dollars, and allows the commission to secure bonds through revenue pledges and conventional mortgages on properties. The commission can also accept financial assistance from various sources and use those funds to further secure bond payments. The act will take effect upon the governor's signature or after the designated period for bills to become law without a signature.

Statutes affected:
SB146 Original: 34:1503(C), 34:1504(C)
SB146 Engrossed: 34:1503(C), 34:1504(C)
SB146 Enrolled: 34:1503(C), 34:1504(C)
SB146 Act : 34:1503(C), 34:1504(C)