House Bill No. 122, introduced by Representative Newell, amends the existing law governing the Spring Lake Subdivision Improvement District in Orleans Parish. The bill updates the language to replace "city council" with "governing authority" and allows the governing authority to levy and collect special taxes or fees on taxable real property within the district. The maximum fee that can be imposed has been increased from $200 to $325 per year, and the governing authority is permitted to change the amount of the tax or fee through a duly adopted resolution, provided it does not exceed the new maximum.

Additionally, the bill clarifies that the taxes or fees will be levied and collected in the same manner as other ad valorem taxes and that they can be renewed for a term not exceeding eight years, contingent upon voter approval. The proceeds from these taxes or fees are designated for the exclusive benefit of the district and must be managed according to specific financial procedures. The bill will take effect upon the governor's signature or after the designated time for gubernatorial action.

Statutes affected:
HB122 Original: 33:9074(E)
HB122 Engrossed: 33:9074(E)