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LA SB147
Bill
Status
Passed
6/11/2025
Primary Sponsor
Katrina Jackson-Andrews
Click for details
AI Summary
- Removes the $15 million cap on outstanding bonds or notes that the Tensas Parish Port, Harbor and Terminal District may issue at any one time
- Eliminates the 5% maximum interest rate restriction and the requirement that bonds be sold for no less than par value
- Removes the requirement that bonds become due and payable in annual installments beginning not more than three years after issuance
- Removes provisions making bonds a general obligation of the commission backed by the full faith and credit of Tensas Parish
- Changes approval authority from the State Bond and Tax Board to the State Bond Commission; bonds may still not run longer than 40 years
Legislative Description
Provides relative to the issuance of bonds by the Tensas Parish Port, Harbor and Terminal District. (gov sig) (EN SEE FISC NOTE LF EX See Note)
LOCAL FINANCE
Last Action
Effective date 6/11/2025.
6/11/2025
Committee Referrals
Ways and Means4/24/2025
Revenue & Fiscal Affairs4/4/2025
Full Bill Text
No bill text available