Alters the name and powers of the Sabine Pass Port Authority and changes the terms of the authority's port commission and bond issuance.

The Sabine Pass Port Authority, formerly known as the Sabine Pass Port District, is granted various powers including the ability to impose an annual tax, issue bonds, and make contracts. The authority's governing commission is composed of five elected commissioners, who serve staggered terms. The authority can issue bonds for corporate purposes, secure them with liens, and pledge revenues. The authority can also use port property for job creation, economic development, and other activities.

Alters the name and powers of the Sabine Pass Port Authority and changes the terms of the authority's port commission and bond issuance.

The Sabine Pass Port Authority, formerly known as the Sabine Pass Port District, is granted various powers including the ability to impose an annual tax, issue bonds, and make contracts. The authority's governing commission is composed of five elected commissioners, who serve staggered terms. The authority can issue bonds for corporate purposes, secure them with liens, and pledge revenues. The authority can also use port property for job creation, economic development, and other activities.