House Bill No. [insert bill number] proposes the creation of the Violet Economic Development District in St. Bernard Parish, establishing it as a political subdivision of the state. The bill outlines the district's boundaries, which include specific roads and landmarks within the parish. The primary objectives of the district are to support long-term investments in infrastructure, housing, and workforce development, align community interests with the impacts of the Louisiana International Terminal, and ensure transparency in the reinvestment of incremental revenues.

The governance of the district will be managed by a nine-member board of commissioners, which includes representatives from the governor's office, state legislature, local governing authority, and appointees from the Violet Action Committee and Greater New Orleans Inc. The bill stipulates that board members will serve staggered terms and outlines the powers and duties of the district, including the ability to enter contracts, receive funding, and adopt regulations. Additionally, the district will have the authority to capture up to 25% of incremental state sales tax growth, with a cap on annual pledged increments, while prohibiting the implementation of ad valorem or local sales tax increment finance authority. The bill is set to take effect on July 1, 2026.