Louisiana legislation · 2026 Regular Session
Louisiana SB374: SPECIAL DISTRICTS: Provides for uniform procedure for the creation of college economic development districts for any college or university in any municipality or parish. (gov sig)
Status: Signed into law, May 29, 2026
What the bill says
An act To enact Chapter 51 of Title 33 of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 33:9731, relative to statewide college economic development districts; to provide relative to cooperative economic development in and around universities in the state; to provide for the creation of special taxing districts; to provide relative to promulgation of rules and regulations by the district; to provide for the governance and powers and duties of the district, including the authority to levy taxes and special assessments…
From the introduced text:
AN ACT To enact Chapter 51 of Title 33 of the Louisiana Revised Statutes of 1950, to be comprised of R.S. 33:9731, relative to statewide college economic development districts; to provide relative to cooperative economic development in and around universities in the state; to provide for the creation of special taxing districts; to provide relative to promulgation of rules and regulations by the district; to provide for the governance and powers and duties of the district, including the authority to levy taxes and special assessments; to authorize the district to incur debt and to pledge tax increments repayment thereof; to provide relative to sales and use tax increment; to provide for terms and definitions; to provide for procedure and requirements; to provide for term of existence of the district; to provide for an effective date; and to provide for related matters. Be it enacted by the Legislature of Louisiana: Section 1. Chapter 51 of Title 33 of the Louisiana Revised Statutes of 1950, comprised of R.S. 33:9731, is hereby enacted to read as follows: CHAPTER 51. STATEWIDE COLLEGE ECONOMIC DEVELOPMENT DISTRICT IMPLEMENTATION PROCEDURE Page 1 of Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. SLS 26RS-637 ORIGINAL SB NO. §9731. College economic development district; statewide; implementation procedure A.(1) It …