§222. Calcasieu Ship Channel Funding Management Board

            A. The legislature hereby creates the Calcasieu Ship Channel Funding Management Board which shall be domiciled at the Lake Charles Harbor and Terminal District. The board shall be composed of the following three members:

            (1) The executive director of the Lake Charles Harbor and Terminal District or his designee.

            (2) The governor of the state of Louisiana or his designee.

            (3) A representative from an entity with a facility located on the ship channel that contributes to the fund and appointed by the Louisiana Mid-Continent Oil and Gas Association.

            B. The board shall elect from its members a chairman who shall call the meetings as necessary and set the agenda for each meeting. The chairman shall serve a term of one year and may serve consecutive terms.

            C. The powers of the board shall be limited to determining how money from the fund is used to pay the non-federal sponsor's cost share of the DMMP or other non-federal sponsor's costs under the PPA or as required by federal law or regulation, including but not limited to projects presented to the board for construction and any real estate acquisitions necessary to implement the objectives of the DMMP.

            D. The board members shall serve without compensation.

            Acts 2020, No. 332, §1, eff. June 12, 2020.