House Bill No. by Representative McCormick aims to regulate the total compensation of the executive port director of the Caddo-Bossier Parishes Port Commission. The bill amends existing law to stipulate that the total compensation for this position cannot exceed the statewide average compensation of the top ten port directors in Louisiana. It introduces a new section, R.S. 34:3160.1, which defines "total compensation" to include all forms of remuneration such as salary, allowances, benefits, and bonuses. The bill mandates that the statewide average total compensation be calculated annually by the legislative auditor and the division of administration, with each port authority required to submit compensation data for its executive port director.

Additionally, the bill specifies that any contract, amendment, or renewal executed on or after January 1, 2028, must adhere to the established average total compensation limit. It also outlines the process for calculating this average and requires that the initial determination be completed by January 1, 2027. Importantly, the bill clarifies that it does not create any enforcement mechanism or penalties and applies prospectively, ensuring that existing contracts remain valid until they expire or are amended.

Statutes affected:
HB713 Original: 34:3160(B)