Establishes the BLVD at Harding Area Special District in Baton Rouge for cooperative economic development.
The bill creates the BLVD at Harding Area Special District in Baton Rouge, a special district and political subdivision of the state. The district is established to facilitate cooperative economic development between the district, the city of Baton Rouge, and property owners within the district to fund infrastructure costs. The district is governed by a board of commissioners, which includes the mayor of Baton Rouge, a state representative, and property owners. The board has the authority to levy taxes, issue bonds, and engage in tax increment financing for economic development projects.
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- Legal Framework
- Critical Issues
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