House Bill No. by Representative Mandie Landry proposes the enactment of R.S. 33:4094.2, which mandates the Sewerage and Water Board of New Orleans to assess a stormwater fee on every developed parcel within the city. The bill outlines a formula rate plan for calculating the fee, which will be based on the type of parcel and its impervious area. Definitions for key terms such as "developed parcel," "impervious area," and "stormwater fee" are provided to clarify the scope of the legislation. Additionally, the bill allows for disputes regarding the fee to be arbitrated according to existing law and authorizes the board to create rebate incentives for single-family residential parcels that implement stormwater management practices.

The proposed law ensures that the formula rate plan is sufficient to fully fund the drainage system maintained by the board, including necessary capital improvements and debt service, subject to approval by the Public Service Commission. It also stipulates that the total formula rate may be reduced by funds granted by the city for maintaining drainage infrastructure, and all stormwater fees will be credited against drainage millages assessed by the city. Importantly, the bill caps the stormwater fee for single-family residential parcels at 16.34 mills, ensuring that property owners are not overburdened by the new fee structure.