House Bill No. [insert number] proposes the establishment of the Hotel Francis District within the town of St. Francisville, Louisiana. This special taxing district is designed to facilitate cooperative economic development aimed at redeveloping blighted properties into a conference-style hotel and related facilities. The bill outlines the governance structure, which includes a three-member board of commissioners, and specifies the district's boundaries. The board will have the authority to levy taxes, issue bonds, and engage in tax increment financing to fund its objectives.

The bill authorizes the district to impose a hotel occupancy tax and a sales and use tax on food and beverages sold within its boundaries, with rates not exceeding those imposed by local taxing authorities. The district can issue revenue bonds backed by these tax increments to finance projects. Additionally, the district will dissolve after all debts are settled, but it cannot exist for more than forty years from the first tax levy. The legislation includes provisions for public notice and contesting the legality of financial obligations, ensuring transparency and compliance with legal requirements.