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LA SB146
Bill
Status
6/11/2025
Primary Sponsor
Katrina Jackson-Andrews
Click for details
AI Summary
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Authorizes the Lake Providence Port Commission to acquire, construct, own, operate, and maintain rail facilities located beyond the boundaries of East Carroll Parish to provide rail transportation to and from the port area
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Removes the previous $15 million cap on outstanding bonds and notes that the commission may issue
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Eliminates the requirement that bonds constitute a general obligation of the commission backed by the full faith and credit of East Carroll Parish and the State of Louisiana
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Bonds and notes still require State Bond Commission approval and may be secured by revenues from operations, authorized taxes, and conventional mortgages on commission properties
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Effective upon signature by the governor or upon expiration of the time for bills to become law without signature
Legislative Description
Provides relative to the issuance of bonds by the Lake Providence Port Commission and the powers of the commission. (gov sig) (EN SEE FISC NOTE LF EX See Note)
LOCAL FINANCE
Last Action
Effective date 6/11/2025.
6/11/2025