Senate Bill No. SLS 25RS-412, introduced by Senator Boudreaux, establishes the St. Martin Parish Economic and Industrial Development District as a political subdivision of Louisiana, with the aim of stimulating industrial and commercial development in the parish. The bill outlines the district's boundaries, governance structure, and the powers of its board of commissioners, which will include representatives from local governing bodies to ensure diversity. The board is empowered to manage operations, acquire property, regulate fees, and implement economic development projects. The district can levy taxes, including ad valorem and sales taxes, subject to voter approval, and is authorized to issue bonds and engage in various economic activities to support local growth.

The legislation introduces new provisions that enhance the district's functions, such as the requirement to provide information to the public and government officials, the ability to accept funds from various sources, and the authority to hold public hearings and create public-private partnerships. It also allows the district to borrow funds through certificates of indebtedness, with specific limits on borrowing amounts and periods, and establishes that issued bonds will be classified as negotiable instruments. The effective date for the legislation is set for August 1, 2025, and technical amendments were made during the Senate's review.