The bill amends and reenacts several sections of the Louisiana Revised Statutes concerning the St. Tammany Parish Development District. It establishes the district as a body politic and political subdivision of the state, allowing it to operate as a local governing authority for the purposes of the state's annual appropriations act. The bill also introduces the use of the name "St. Tammany Economic Development Corporation" for the district. Additionally, it modifies the governance structure by changing the composition and nomination process of the board of commissioners, which will now consist of eleven members serving staggered three-year terms. The nominating committee's structure is also revised, including the addition of a parish president's designee and a council member.

Furthermore, the bill repeals certain provisions related to the initial terms of board members and clarifies the roles of the board's officers, now referred to as chair and vice chair instead of president and vice president. It mandates that the board meet at least nine times a year and allows for the employment of a president and chief executive officer. Importantly, it permits members of the board who are affiliated with a nonprofit corporation focused on economic development to serve and vote on matters involving the district, thereby enhancing the board'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)