House Bill No. 267, introduced by Representative Lacombe, establishes the Hotel Francis District in St. Francisville as a political subdivision aimed at promoting economic development through the redevelopment of blighted properties into a conference-style hotel and related facilities. The district will be governed by a three-member board of commissioners, which includes the mayor of St. Francisville and two members appointed by the mayor. The bill outlines the district's boundaries and grants it the authority to levy a hotel occupancy tax and a tax on food and beverage sales not intended for home consumption, with rates that must match or exceed those in West Feliciana Parish. If no taxes are generated, the district's tax levy will take precedence over other non-bond securing taxes within the district.

Additionally, the bill allows the district to issue revenue bonds backed by an irrevocable pledge of hotel occupancy and food and beverage sales tax increments, defined as the portion of tax revenues exceeding the amount collected in the year prior to the district's establishment. The district is set to terminate one year after settling all debts, with a maximum existence of 40 years from the tax levy date. It also includes provisions for the publication of ordinances or resolutions related to debt obligations or tax increment pledges, allowing a 30-day contestation period after publication. The bill will take effect upon the governor's signature or after the lapse of time for gubernatorial action.