PORTS/HARBORS/TERMINALS: Modifies the Port Construction and Development Priority Program (EN SEE FISC NOTE LF EX)

Added a new category for 'Very Large Projects' requiring a 30% local match and potential funding sources outside the Transportation Trust Fund.

Clarified that the department retains authority over the final determination of the port priority list, even when contracting with universities for development duties.

Removed duplicate definitions for 'Benefit cost ratio', 'Large project', and 'Standard project' that were previously in a separate section.

Deleted a redundant section regarding the priority list and public hearings that was duplicated elsewhere in the bill.

Removed the 'ENGROSSED' header and the specific legislative history code 'HLS 26RS-734' which are no longer needed in the final enrolled version.

Reduced the total page count from 8 to 6 by consolidating text and removing intermediate page breaks and redundant headers.

The definition of 'Large project' was updated to reference rules established by the Office of Multimodal Commerce rather than specific dollar thresholds, allowing for future flexibility in criteria.

The application requirements were renumbered from letters (a, b, c) to a new structure, though the specific content of the required information remains the same.

Added a specific clause stating that projects approved but unfunded in a fiscal year will retain their priority status and move to the top of the list for the next year.