Senate Bill No. by Senator Fields aims to amend the regulations surrounding economic development districts in Louisiana by enacting R.S. 33:9038.32(C)(4). This new provision allows governing authorities to establish boundaries for economic development districts that explicitly exclude any land used for residential purposes. The bill specifies that this exclusion applies to a wide range of residential properties, including but not limited to homes, apartments, dormitories, and other forms of housing. However, exceptions are made for temporary accommodations such as hotels, motels, inns, and bed and breakfasts.
The bill emphasizes that if the ordinance creating the economic development district includes language regarding the exclusion of residential properties, all such properties within the proposed district will be deemed excluded. This legislative change is intended to clarify the boundaries of economic development districts and ensure that residential areas are not inadvertently included in these zones, thereby protecting residential communities from potential economic development activities that may not align with their interests.