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LA SB50
Bill
AI Summary
- Removes the $10 million cap on outstanding bonds or notes that the Central Louisiana Regional Port's board of commissioners may have at any one time
- State Bond Commission approval remains required for the board to incur debts and issue negotiable bonds or notes
- Bonds and notes may still be secured by pledging revenues from port operations, authorized taxes, or other sources, as well as by conventional mortgages on port properties
- Amends R.S. 34:335.4(C) with an effective date of August 1, 2025
Legislative Description
Provides relative to the Central Louisiana Regional Port. (8/1/25) (EN SEE FISC NOTE LF EX See Note)
PORTS/HARBORS/TERMINALS
Last Action
Effective date 8/1/2025.
6/11/2025
Committee Referrals
Ways and Means4/24/2025
Transportation, Highways & Public Works4/1/2025
Full Bill Text
No bill text available