RÉSUMÉ DIGEST
ACT 204 (SB 76) 2023 Regular Session Fred Mills
New law creates the St. Martin Special Medical District as a special district and political
subdivision of the state in the parish of St. Martin. The boundaries of the district are to be
comprised of specified parcels or tracts of land located in St. Martin Parish.
New law provides that the district is created to provide for cooperative economic
development between the district, among the district, the owner or owners of businesses and
property within the district and any other interested parties, such development endeavors
being related to the provisions and expansion of medical services, renovation, restoration,
and related ventures.
New law provides that the district is to be administered and governed by the board of
commissioners of the St. Martin Parish Hospital Service District No. 2 and the parish
president will serve as an ex officio member.
New law provides that the district, acting by and through its board of commissioners, is
authorized to have all powers of a political subdivision and taxing district necessary or
convenient for the carrying out of its objects and purposes. Authorizes the district to incur
debt and issue bonds, notes, certificates, and other evidences of indebtedness in its own
name and on its own behalf. Additionally authorizes the district to establish public-private
partnerships and joint ventures for the benefit of the district and to contract with private
concerns who may be granted leases, rights-of-use, or other concessions for contributing
private at-risk capital for a particular district project or program. Provides that the district
is deemed to be an issuer for purposes of existing law (R.S. 33:9037) and shall, to the extent
not in conflict with new law, be subject to the provisions of existing law (R.S. 33:9037).
New law authorizes the district to implement existing law provisions relative to tax
increment financing including ad valorem tax increment financing (R.S. 33:9038.33) and
sales tax increment financing (R.S. 33:9038.34). Additionally authorizes the district to
implement cooperative endeavor authority pursuant to existing law (R.S. 33:9038.35).
Provides that no portion of a tax which has been previously dedicated to another purpose
according to a proposition approved by the voters shall be used an a tax increment unless
approved by a majority of the voters of the taxing authority levying the tax. Requires that
any election regarding the use of tax increments be held on a date that corresponds with an
election date provided by existing law (R.S. 18:402(A)(1) or (B)(1)) regarding gubernatorial
or congressional elections.
Effective June 8, 2023.
(Adds R.S. 33:9038.75)