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 the designated area, which includes specific municipal addresses. Governance of the district will be managed 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 operate without compensation but can be reimbursed for certain expenses, and it will have the authority to adopt rules, maintain records, and conduct meetings.

Additionally, the bill grants the district the power to impose a parcel fee on property owners within its boundaries, contingent upon voter approval. This fee, which can be up to $300 per parcel annually, will be used to fund the district's initiatives and can be renewed or increased under specific conditions. The district will also be able to accept voluntary contributions and grants, and it will be subject to annual audits. In the event of the district's dissolution, any remaining funds will be transferred to the governing authority of East Baton Rouge Parish for beautification and improvement efforts in the area. The bill is set to take effect upon the governor's signature or after the designated period for bills to become law without a signature.