House Bill No. 267 aims to establish the Hotel Francis District in St. Francisville as a political subdivision focused on economic development through the redevelopment of blighted properties into a conference-style hotel and related facilities. The bill defines the district's boundaries and sets up a governance structure with a three-member board of commissioners, including the mayor and two mayor-appointed members. It grants the district the authority to levy a hotel occupancy tax and a tax on food and beverage sales, ensuring that these rates align with those in West Feliciana Parish. Importantly, if the district does not generate hotel occupancy or sales taxes, its tax levy will take precedence over other non-bond securing taxes in the area.

Additionally, the bill allows the district to issue revenue bonds backed by an irrevocable pledge of tax increments from hotel occupancy and food and beverage sales. The tax increment is defined as the revenue collected each year that exceeds the amount collected in the year before the district's establishment. The district is set to dissolve one year after settling all debts, with a maximum lifespan of 40 years from the tax levy date. The bill also includes provisions for publishing ordinances or resolutions related to debt obligations in the parish's official journal, allowing a 30-day contestation period post-publication. The legislation will take effect upon the governor's signature or after the designated time for gubernatorial action.