Senate Bill No. 219, introduced 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 the boundaries of East Carroll Parish, thereby expanding its operational scope. Additionally, it grants the commission the authority to establish harbor lines within the port area and to charge fees for the use of its facilities. The bill also retains the commission's ability to incur debts and issue negotiable bonds or notes with the approval of the State Bond Commission, while repealing the previous limitation on the amount of outstanding bonds, which was capped at $15 million.

The proposed changes aim to enhance the commission's operational flexibility and financial capacity, allowing it to better serve the commerce and transportation needs of the region. The bill emphasizes the commission's authority to secure payment for its bonds through various means, including pledging revenues from its operations and receiving financial assistance from federal or state sources. The act will take effect upon the governor's signature or after the designated period for gubernatorial action.

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