Louisiana 2010 Regular Session

Louisiana House Bill HB1066

Introduced
3/29/10  

Caption

Provides relative to audits of certain entities that establish scholastic rules, provides relative to funds considered public funds

Impact

The passage of HB 1066 will bring significant changes to the way audits are handled for entities that manage high school athletics. While current law permits the Legislative Audit Advisory Council to call for audits under specific circumstances, the new stipulation that all funds are considered public will likely elevate the scrutiny of these organizations. This shift is intended to ensure that entities are more accountable and that their financial practices are open to review, aligning them with public sector standards.

Summary

House Bill 1066 focuses on the auditing requirements for entities that establish scholastic rules within the jurisdiction of the Louisiana State Board of Elementary and Secondary Education (BESE). The bill specifically defines all funds from entities like the Louisiana High School Athletic Association (LHSAA) as public funds. This change aims to enhance transparency in the spending of public funds related to high school athletics and ensures that these organizations adhere to certain financial accountability standards.

Sentiment

The sentiment surrounding HB 1066 appears to be largely supportive among proponents of increased accountability and transparency in educational athletics. Advocates argue that these measures will protect public funds and foster trust in how athletic programs are managed. Conversely, there may be concerns from entities about the compliance costs and increased regulatory burdens that could accompany the enhanced audit requirements, reflecting a tension between oversight and operational flexibility.

Contention

Notable points of contention surrounding HB 1066 may stem from the balance it strikes between accountability and potential administrative difficulties for athletic organizations. Critics might argue that the additional requirement for audits by approved auditing firms could create an unnecessary financial burden, particularly for smaller or less funded athletic programs. However, supporters maintain that the long-term benefits of transparency and proper fund management outweigh the initial challenges of compliance, thereby justifying the bill's enactment.

Companion Bills

No companion bills found.

Previously Filed As

LA SB501

Provides that certain entities must submit annual financial audits to the legislative auditor. (8/15/10)

LA HB621

Provides relative to the legislative auditor's access to information held by entities that provide services to public retirement systems

LA HB664

Provides for funds transferred to public and quasi-public entities which are not budget units of the state (OR NO IMPACT See Note)

LA HB891

Provides relative to the prohibition on public funding for entities that perform abortions (EN NO IMPACT See Note)

LA SB67

Provides contract restrictions on public entities that fail to comply with audit requirements. (8/1/17) (EN NO IMPACT See Note)

LA HB338

Provides relative to the prohibition on public funding for entities that perform abortions (OR NO IMPACT See Note)

LA SB499

Provides that the legislative auditor shall make a best practices list available to local auditees. (gov sig) (EN NO IMPACT See Note)

LA SB157

Provides relative to audit requirements for recipients of state funds. (7/1/20) (EN SEE FISC NOTE LF RV See Note)

LA HB684

Provides relative to nonprofit entities and the nondisclosure of identifying information of a certain funding source

LA SB307

Provides relative to annual certifications by internal auditors. (gov sig)

Similar Bills

No similar bills found.