PORTS/HARBORS/TERMINALS: Establishes that the total compensation of the executive port director of the Caddo-Bossier Parishes Port Commission cannot exceed the statewide average compensation of the top ten port directors in Louisiana (OR DECREASE LF EX See Note)

HB 713 limits the total compensation of the executive port director at the Caddo-Bossier Parishes Port Commission to the statewide average of the top ten port directors in Louisiana. It requires annual calculation of this average by the legislative auditor and division of administration using data submitted by all port authorities, with the first calculation due by January 2027. The limit applies prospectively to all contracts, amendments, or renewals executed on or after January 1, 2028, but does not affect existing contracts in place before that date. The bill defines "total compensation" to include salary, benefits, bonuses, and other remuneration. This policy change directly affects only the Caddo-Bossier Port Commission's executive director.