The bill amends and reenacts several sections of the Louisiana Revised Statutes concerning the St. Tammany Parish Development District. Key changes include the redefinition of the district as a local governing authority for the purposes of the state's annual appropriations act, allowing it to operate under the name "St. Tammany Economic Development Corporation." The governance structure is also updated, with the board of commissioners now consisting of eleven members who will serve staggered three-year terms, nominated by the board and approved by the St. Tammany Parish council. The bill also modifies the composition of the nominating committee and the roles of its members, ensuring that the committee includes representatives from the parish government.

Additionally, the bill repeals certain provisions related to the initial terms of board members and clarifies the election of officers within the board, replacing the titles of "president" and "vice president" with "chair" and "vice chair," respectively. The board is required to meet at least nine times a year and has the authority to employ various staff, including a president and chief executive officer. Importantly, it allows members of the board who are affiliated with a nonprofit corporation focused on economic development to participate in board matters, thereby enhancing the district's operational flexibility.

Statutes affected:
SB239 Original: 33:401(A), 33:402(A)(1), 33:403(22), 33:402(A)(2)
SB239 Engrossed: 33:401(A), 33:402(A)(1), 33:403(22), 33:402(A)(2)
SB239 Enrolled: 33:401(A), 33:402(A)(1), 33:403(22), 33:402(A)(2)
SB239 Act 457: 33:401(A), 33:402(A)(1), 33:403(22), 33:402(A)(2)