House Bill No. [insert number] aims to establish the Lafitte Greenway Development District in New Orleans, which will serve as a special district and political subdivision of the state. The bill outlines the district's governance, boundaries, and powers, including the ability to engage in tax increment financing. The district is designed to facilitate cooperative economic development among the district, the city of New Orleans, and local business/property owners, focusing on the improvement and maintenance of the Lafitte Greenway and adjacent communities.

The governance structure of the district will consist of a board of commissioners, including representatives from various state and local legislative districts, as well as the mayor and lieutenant governor or their designees. The board will have the authority to adopt bylaws, manage funds, and engage in contracts necessary for the district's objectives. Additionally, the district will have the power to incur debt, issue bonds, and establish funds to support its projects, with the improvement and maintenance of the greenway classified as cooperative development. The bill emphasizes that it should be interpreted liberally to benefit the welfare of New Orleans and its residents.