House Bill No. [insert number] enacts R.S. 33:9038.77, which allows municipalities with a population between 1,525 and 1,600, as determined by the latest federal census, to create a taxing district aimed at redeveloping blighted properties into conference-style hotels and related facilities. The bill outlines the governance structure, boundaries, and powers of the district, including the ability to engage in tax increment financing. The ordinance establishing the district will define its boundaries and governance, including the formation of a board responsible for managing the district's affairs.

The district is authorized to levy taxes on hotel room occupancy and food and beverage sales, with rates that must match or exceed those in the surrounding parish. The bill also allows the district to issue revenue bonds and pledge tax increments to finance projects consistent with its objectives. The district will dissolve after all debts are settled, but it cannot exist for more than 40 years from the first tax levy. Additionally, any ordinances related to the district's financial obligations must be published, allowing for a 30-day period during which interested parties can contest their legality.