This bill enacts R.S. 33:2740.70.9 to establish the Greater St. Martinville Economic Development District within the city of St. Martinville. The district is created to promote economic and community development, enhance property improvement, provide cultural enrichment, and improve infrastructure. The boundaries of the district include specific areas such as Main Street, the neighborhood of Ledoux, and the historic city square. The governance of the district will be managed by a board of commissioners composed of various appointed members, including representatives from local authorities and the mayor, who will serve without compensation.

Additionally, the district is granted the authority to levy a sales and use tax not exceeding one percent, which must be approved by a majority of the district's qualified electors. The district can also implement tax increment financing and issue revenue bonds to finance projects aligned with its objectives. The district will dissolve one year after all debts are settled. The bill will take effect upon the governor's signature or after the designated period for bills to become law without a signature.