S.B. No. 3032 proposes a rebranding of the Sabine Pass Port Authority to the "Port of Sabine Pass" and introduces significant changes to its governance and operational structure. The bill extends the term of the commission from two years to four years, with elections scheduled in even-numbered years. It clarifies definitions related to the port and commission, emphasizes the port's public service role as per the Texas Constitution, and allows the port to issue bonds for corporate purposes while outlining election procedures for such bond issuances. Additionally, the bill restricts the port from issuing bonds payable from ad valorem taxes for new economic development projects.

The legislation also amends various sections of the Special District Local Laws Code to refine bond issuance procedures, requiring elections to align with Chapter 1251 of the Government Code. It redefines bonds to be issued in the name of the port and expands the types of revenue that can secure these bonds. The bill sets a timeline for the election of five commissioners in May 2026, clarifies the terms of service, and allows for more flexible management of outstanding debts through updated refunding bond processes. The bill is scheduled to take effect on September 1, 2025, after fulfilling all legal requirements.

Statutes affected:
Introduced: Special District Local Laws Code 5012.0001, Special District Local Laws Code 5012.0051, Special District Local Laws Code 5012.0055, Special District Local Laws Code 5012.0056, Special District Local Laws Code 5012.0057, Special District Local Laws Code 5012.0058, Special District Local Laws Code 5012.0105, Special District Local Laws Code 5012.0109, Special District Local Laws Code 5012.0110, Special District Local Laws Code 5012.0152, Special District Local Laws Code 5012.0153, Special District Local Laws Code 5012.0154, Special District Local Laws Code 5012.0201, Special District Local Laws Code 5012.0206, Special District Local Laws Code 5012.0207 (Special District Local Laws Code 5012)