Senate Bill No. by Senator Jackson-Andrews amends the powers and bond issuance capabilities of the Lake Providence Port Commission. The bill allows the commission to acquire, construct, own, operate, and maintain terminal rail facilities, including those located beyond East Carroll Parish, to enhance rail transportation to and from the port area. Additionally, it grants the commission the authority to establish harbor lines in agreement with the corps of engineers. The bill also retains the existing provisions that allow the commission to incur debts and issue negotiable bonds or notes with the approval of the State Bond Commission, while repealing the previous limit on the amount of outstanding bonds, which was set at $15 million.

Furthermore, the bill removes the requirement that the bonds be considered a general obligation of the commission and that they pledge the full faith and credit of East Carroll Parish and the state of Louisiana. This change provides the commission with greater flexibility in managing its financial obligations. The act will become effective upon the governor's signature or after the designated time for gubernatorial action if not signed.

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