The bill amends and reenacts certain provisions of Louisiana law regarding special districts, specifically R.S. 33:9038.31(2) and (3), and introduces a new section, R.S. 33:9038.77. The amendments expand the definition of "Issuer" to include any district created under the new section 33:9038.77, alongside existing entities. Additionally, the definition of "Local governmental subdivision" is updated to incorporate the new section, while excluding certain financing provisions for construction and improvements in Shreveport.

The newly enacted R.S. 33:9038.77 establishes a framework for creating special taxing districts in parishes with populations between 23,000 and 28,000. It outlines the governance structure, which includes a board of commissioners composed of various local officials and community members, and grants the district powers such as tax increment financing and bonding authority. The district is intended to facilitate economic development and infrastructure projects, with specific provisions for project financing and a defined term for the district's existence.

Statutes affected:
SB88 Original: 33:31(2)
SB88 Engrossed: 33:31(2)
SB88 Reengrossed: 33:31(2)
SB88 Enrolled: 33:31(2)
SB88 Act 289: 33:31(2)