A. Any locality establishing a business improvement and recruitment district may enact ordinances on any of the following subjects that provide for:
1. Activities and other additional services required for business promotion, improvements to existing businesses, economic development, encouragement and recruitment for businesses to locate or relocate, as applicable, into the business improvement and recruitment district, or for enhancement of the business improvement and recruitment district;
2. Activities in the business improvement and recruitment district that will fund the activities and other additional services of subdivision 1;
3. Operation and maintenance of any business improvement and recruitment district activity;
4. The charging of fees on all benefited businesses within a business improvement and recruitment district;
5. A process by which businesses charged a fee pursuant to this article may be eligible for a reduction in the taxes levied by a locality pursuant to Chapter 37 (§ 58.1-3700 et seq.) of Title 58.1 in the business improvement and recruitment district;
6. A process for the collection of revenues from fees from benefited businesses; and
7. Formation of a business improvement and recruitment district in cooperation with, and that includes, other localities.
B. After establishing a business improvement and recruitment district, a locality shall not decrease the level of publicly funded business services and business recruitment services in a business improvement and recruitment district existing prior to the creation of such district.
C. Nothing in this article shall be construed to prevent a locality from using the provisions of Article 1 (§ 15.2-2400 et seq.) to establish a business improvement district or business improvement and recruitment district.