Skip Navigation Links
      RS 42:1124.2.1     

  

§1124.2.1. Financial disclosure; members of boards and commissions

            A. Each of the following, except a person who is required to file a financial statement pursuant to R.S. 42:1124 or 1124.2, shall annually file a financial statement as provided in this Section:

            (1) Each member and any designee of a member of a board or commission that has the authority to expend, disburse, or invest ten thousand dollars or more of funds in a fiscal year.

            (2) Each member of the State Civil Service Commission.

            (3) Each member of the Board of Commissioners of the Louisiana Stadium and Exposition District.

            (4) The executive director or person holding the equivalent position of each state and statewide retirement system specified in R.S. 11:4.

            B.(1) The financial statement required by this Section shall be filed by May fifteenth of each year during which the person holds an office included in Subsection A of this Section and, except as provided in Paragraph (2) of this Subsection, by May fifteenth of the year following the termination of the holding of such office. The financial statement shall include the information required by Subsection C of this Section for the preceding calendar year.

            (2) Notwithstanding the provisions of Paragraph (1) of this Subsection, if the holding of the office or position terminates in the month of January, the person shall not be required to file a financial statement pursuant to this Section in the year following the termination of the holding of the office or position if the person files a financial statement by May fifteenth of the year in which the holding of the office or position terminated containing the information required by Subsection C of this Section for the period in which the person held the office or position during that year.

            C. The financial statement required by this Section shall be filed on a form prescribed by the Board of Ethics and shall include the following information:

            (1) The full name and mailing address of the individual who is required to file.

            (2) The full name of the individual's spouse, if any, and the spouse's occupation and principal business address.

            (3) The name of the employer, job title, and a brief job description of each full-time or part-time employment position held by the individual or spouse.

            (4)(a) The name, address, brief description of, and nature of association with and the amount of interest in each business in which the individual or spouse is a director, officer, owner, partner, member, or trustee, and in which the individual or spouse, either individually or collectively, owns an interest which exceeds ten percent of that business.

            (b) The name, address, brief description of, and nature of association with a nonprofit organization in which the individual or spouse is a director or officer.

            (5) The name, address, type, and amount of each source of income received by the individual or spouse, or by any business in which the individual or spouse, either individually or collectively, owns an interest which exceeds ten percent of that business, which is received from any of the following:

            (a) The state or any political subdivision as defined in Article VI of the Constitution of Louisiana.

            (b) Services performed for or in connection with a gaming interest as defined in R.S. 18:1505.2(L)(3)(a).

            (6) A certification that such individual has filed his federal and state income tax returns, or has filed for an extension of time for filing such tax return.

            (7) One of the following:

            (a) A certification that neither the individual nor any member of his immediate family had a personal or financial interest in any entity, contract, or business or a personal or financial relationship that in any way posed a conflict of interest which affected the impartial performance of the individual's duties as a member of the board or commission.

            (b) A statement describing each conflict and any action the individual took to resolve or avoid the conflict.

            D. For the purposes of this Section, the following words shall have the following meanings:

            (1)(a) "Board or commission" shall mean:

            (i) Each board, commission, and like entity created by law or executive order that is made a part of the executive branch of state government by the provisions of Title 36 of the Louisiana Revised Statutes of 1950, or that is placed in an executive branch department or in the office of the governor or lieutenant governor by law or executive order, or that exercises any authority or performs any function of the executive branch of state government.

            (ii) Each board, commission, and like entity created by the constitution, by law, by a political subdivision, except as provided in Subparagraph (b) of this Paragraph, or jointly by two or more political subdivisions as a governing authority of a political subdivision of the state or of a local government.

            (b) "Board or commission" shall not mean:

            (i) The governing authority of a parish.

            (ii) Any board or commission or like entity that governs a political subdivision created by a single parish governing authority of a parish with a population of two hundred thousand or less, or any subdistrict of such a political subdivision.

            (iii) The governing authority of a municipality.

            (iv) Any board or commission or like entity that governs a political subdivision created by a single municipal governing authority of a municipality with a population of twenty-five thousand or less, or any subdistrict of such a political subdivision.

            (v) A board of directors of a private nonprofit corporation that is not specifically created by law.

            (vi) Any board or commission that does not have the authority to expend, disburse, or invest more than fifty thousand dollars of funds in a fiscal year and whose members are not eligible to receive any compensation, per diem, or reimbursement of expenses for service on the board or commission.

            (2) "Business" shall have the same meaning as provided in R.S. 42:1124.

            (3)(a) "Income" for a business shall mean gross income less both of the following:

            (i) Costs of goods sold.

            (ii) Operating expenses.

            (b) "Income" for an individual shall mean taxable income and shall not include any income received pursuant to a life insurance policy.

            (4) "Public office" shall have the same meaning as provided in R.S. 18:1483.

            Acts 2008, No. 472, §1, eff. Jan. 1, 2009; Acts 2012, No. 574, §2, eff. Jan. 1, 2013; Acts 2015, No. 450, §1, eff. July 1, 2015; Acts 2016, No. 410, §1.



If you experience any technical difficulties navigating this website, click here to contact the webmaster.
P.O. Box 94062 (900 North Third Street) Baton Rouge, Louisiana 70804-9062