House Bill No. by Representative Newell amends R.S. 33:9074(E) to modify the provisions governing the Spring Lake Subdivision Improvement District in Orleans Parish. The bill allows the governing authority of the city of New Orleans to levy and collect special taxes or fees on taxable real property within the district, with a maximum ad valorem tax of five mills and an increased fee limit of $325 per year, up from the previous cap of $200. The bill also stipulates that the amount of taxes or fees can be adjusted by a resolution from the board of commissioners, provided it does not exceed the newly established 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 act will take effect upon the governor's signature or after the designated period for gubernatorial action.

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