A bill being considered by the Florida Legislature would revamp Disney’s Reedy Creek Improvement District to operate more like other special districts around the state rather than a corporate-run entity.

The legislation, which is authored by Rep. Fred Hawkins (R-Orlando), was introduced during a special legislative session this week. The bill, HB 9, would rename the Reedy Creek district the Central Florida Tourism Oversight District and require that its five-member board be appointed by the governor and confirmed by the state Senate.

Since 1967, the board has been under the control of Walt Disney World Corp., which owns practically all of the privately held land in the district. According to a legislative analysis of the bill, the Reedy Creek district has a bond debt of just under $1.2 billion.