SLS 13RS-398 ORIGINAL Page 1 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Regular Session, 2013 SENATE BILL NO. 253 BY SENATOR HEITMEIER SPECIAL DISTRICTS. Provides relative to the powers and duties of the Algiers Development District. (8/1/13) AN ACT1 To amend and reenact R.S. 33:2740.27(A)(1) and (F), relative to the Algiers Development2 District; to expand the special taxing district to include the commercial development3 area known as the Village Aurora Shopping Center; to provide for funding of the4 Algiers-Canal Street Ferries; and to provide for related matters.5 Notice of intention to introduce this Act has been published.6 Be it enacted by the Legislature of Louisiana:7 Section 1. R.S. 33:2740.27(A)(1) and (F) are hereby amend and reenact to read as8 follows:9 ยง2740.27. The Algiers Development District; creation, composition, and powers;10 levy of ad valorem taxes and issuance of bonds11 A.(1) There shall be, and there hereby is, created a special taxing district12 comprised of all territory within the fifteenth ward of Orleans Parish, which ward13 extends to the center of the Mississippi River, and the property of the Village14 Aurora Shopping Center.15 * * *16 F. The city council, in addition to all other taxes which it is now or hereafter17 SB NO. 253 SLS 13RS-398 ORIGINAL Page 2 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. may be authorized by law to levy and collect, is hereby authorized to levy and collect1 as provided in this Section for a term not to exceed fifty years from and after the date2 the first tax is levied pursuant to the provisions of this Section, in the same manner3 and at the same time as all other ad valorem taxes on property subject to taxation by4 the city are levied and collected, a special ad valorem tax upon all taxable real5 property situated within the boundaries of the Algiers Development District. The tax6 shall be levied and collected only after the question of its imposition has been7 submitted to and approved by a majority of the qualified voters of the district voting8 on the question at a regularly scheduled primary or general election to be conducted9 in accordance with provisions of the Louisiana Election Code. Any tax levied10 pursuant to the provisions of this Section shall be subject to the homestead11 exemption as provided by Article VII, Section 20 of the Constitution of Louisiana.12 The proceeds of the tax shall be used solely and exclusively for the purposes and13 benefit of the district and to fund the continual operation of the Algiers-Canal14 Street Ferry system. The proceeds shall be paid over to the Board of Liquidation,15 City Debt, day by day as the same are collected and received by the appropriate16 officials of the city of New Orleans and maintained in a separate account. The tax17 proceeds shall be paid out by the Board of Liquidation, City Debt, solely for the18 purposes provided for in this Section upon warrants or drafts drawn on such Board19 of Liquidation, City Debt, by the appropriate officials of the city and the treasurer20 of the district.21 * * *22 The original instrument and the following digest, which constitutes no part of the legislative instrument, were prepared by Ann S. Brown. DIGEST Present law created the Algiers Development District, a special taxing district within the fifteenth ward of Orleans Parish. Proposed law retains present law and expanded the boundary by including the Village Aurora Shopping Center. Present law provides that the proceeds of the tax shall be used solely and exclusively for the purposes and benefit of the district. SB NO. 253 SLS 13RS-398 ORIGINAL Page 3 of 3 Coding: Words which are struck through are deletions from existing law; words in boldface type and underscored are additions. Proposed law retains present law and provides that the proceeds shall also be used to fund the continual operation of the Algiers-Canal Street Ferry system. Effective August 1, 2013. (Amends R.S. 33:2740.27(A)(1) and (F))