Louisiana HB122 amends the Spring Lake Subdivision Improvement District to increase the maximum annual fee to $325 per property.
Louisiana HB122 modifies the Spring Lake Subdivision Improvement District in Orleans Parish by increasing the maximum annual fee from $200 to $325 per property. The governing authority of the city of New Orleans can levy and collect these special taxes or fees, subject to voter approval, for a term not exceeding eight years. The proceeds from these taxes or fees must be used exclusively for the benefit of the district. The law also retains the provision that the city may retain one percent of the collected amount as a collection fee.
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