House Bill No. [insert number] proposes the creation of the Cypress Point Improvement District in East Baton Rouge Parish, as outlined in the newly enacted R.S. 33:9097.50. The district will serve as a political subdivision aimed at enhancing drainage and sewer systems, as well as overall improvements within its defined boundaries, which include areas within I-10 West, North Branch Ward Creek, and South Essen Heights. Governance will be provided by a seven-member board of commissioners, with members appointed from 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 district improvements.

The bill also details the powers and duties of the district, including the ability to enter contracts, manage funds, and conduct audits. A parcel fee can be levied on property owners within the district, with a maximum limit of $300 per year, and will require voter approval for implementation. The fee will be collected similarly to ad valorem taxes and can be enforced as such. Additionally, the bill provides for the indemnification of board members and outlines procedures for the district's termination and the handling of its funds. The act will take effect upon the governor's signature or after the designated period for bills to become law without signature.