H.B. No. 5669 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 lengths for port commissioners from two years to four years, with elections scheduled for even-numbered years. It also clarifies definitions related to the port and emphasizes the public benefit of its operations. New provisions are included for the use of port property to support economic and community development, while the authority's ability to issue bonds for corporate purposes is expanded, along with a streamlined process for securing these bonds.

Additionally, the bill modifies the requirements for contracts, allowing the port to engage in purchases without the need for competitive bidding for contracts exceeding $25,000. It grants the port the power to exercise eminent domain and manage its facilities in accordance with constitutional mandates. The legislation also updates the procedures for bond issuance, requiring elections for bond approval to align with Chapter 1251 of the Government Code, and redefines bonds to be issued in the name of the port. The bill sets a timeline for the election of five commissioners in May 2026 and 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)