The vetoed bill proposed two Baton Rouge districts that could finance infrastructure and development projects, including projects connected to Baton Rouge Community College.
A proposed district covering five Baton Rouge parcels could use tax revenue and borrowing to pay for infrastructure. State sales tax revenue made available by agreement could not fund a privately owned hotel without budget committee approval.
A proposed district around Baton Rouge Community College could borrow and issue bonds for projects. Its boundaries exclude named parcels and residential property, but include places used for temporary stays.
The proposed BLVD at Harding district could use taxes, tax growth, and borrowing to pay for infrastructure projects. The district would cover five described parcels in Baton Rouge. The district may pledge taxes it collects to projects that further its purposes. State sales tax revenue made available by agreement cannot pay to build or operate a privately owned hotel without approval from the Joint Legislative Committee on the Budget. The bill was vetoed. Its stated effective date would be upon the governor's signature or, without a signature, when the time for action expires; if the legislature later approved it over the veto, it would take effect the next day.
The proposed Baton Rouge Community College Economic Development District could borrow and issue bonds to support projects and other district purposes. The district would generally cover a described area in Baton Rouge and East Baton Rouge Parish. It excludes named parcels and residential property; hotels, motels, inns, and bed-and-breakfasts for temporary stays are not treated as residential property. The district's obligations would be payable from its revenue or another available source, not backed by the state's or local government's full faith and credit. Bond sales would require approval from the State Bond Commission. The bill was vetoed. Its stated effective date would be upon the governor's signature or, without a signature, when the time for action expires; if the legislature later approved it over the veto, it would take effect the next day.
No hearings or votes scheduled.