LA SB286

Classifies the New Orleans Downtown Development District as a political subdivision of the state and removes the 50-year term limit on the special ad valorem tax the city may levy for the district

Changes board member appointments from direct appointment to a nomination process requiring simple majority confirmation by the New Orleans City Council, with nominations submitted to the clerk of the city council

Establishes 5-year terms for newly appointed or reappointed board members based on staggered terms set in September 2025, with members continuing to serve until successors are appointed

Redirects tax proceeds beginning in 2027 to be paid directly to the district rather than to the Board of Liquidation, City Debt, while requiring the district to first transfer funds equal to annual bond principal and interest payments to the Board of Liquidation

Provides that if any nominating entity (New Orleans & Company, Chamber of Commerce, Hotel and Lodging Association, or Louisiana Restaurant Association) ceases to exist, its nomination authority reverts to the mayor