House Bill No. 282 seeks to establish the Cypress Point Improvement District in East Baton Rouge Parish as a political subdivision of the state, with defined boundaries that include specific municipal addresses. The district's primary focus is to enhance drainage and sewer systems while improving the overall quality of the area. Governance will be managed by a seven-member board of commissioners, appointed by the Cypress Point Homeowners Association, local legislative representatives, and the parish assessor. The board will have the authority to impose a parcel fee, subject to voter approval, to fund improvements, with a maximum fee of $300 per year on each parcel.

The bill outlines the district's powers, including the ability to sue, enter contracts, and manage funds, as well as the collection of fees akin to ad valorem taxes. It mandates the adoption of an annual budget and requires audits by the legislative auditor. In the event of dissolution, remaining funds will be allocated to the governing authority of East Baton Rouge Parish for local beautification. Additionally, the bill includes provisions to limit the liability of board members and officers for actions taken while performing their duties, encouraging participation in governance. The law will take effect immediately upon the governor's signature or after the designated period for gubernatorial action.