HLS 10RS-2977 ENGROSSED
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
Regular Session, 2010
HOUSE BILL NO. 1488 (Substitute for House Bill No. 532 by Representative Lorusso)
BY REPRESENTATIVE LORUSSO
CORPORATIONS: Provides relative to certain not-for-profit organizations subject to
legislative audit
AN ACT1
To amend and reenact R.S. 24:513(A)(1)(b)(iv), relative to not-for-profit organizations; to2
provide relative to the powers and duties of the legislative auditor; to provide for3
definitions; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 24:513(A)(1)(b)(iv) is hereby amended and reenacted to read as6
follows: 7
ยง513. Powers and duties of legislative auditor; audit reports as public records;8
assistance and opinions of attorney general; frequency of audits; subpoena9
power10
A.(1)11
* * *12
(b) For the sole purpose of this Subsection, a quasi public agency or body is13
defined as:14
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(iv) Any not-for-profit organization that receives and/or expends in excess16
of twenty-five thousand dollars in any local and/or state assistance in any fiscal year.17
Assistance shall include grants, loans, transfers of property, awards, and direct18
appropriations of state and/or local public funds. Assistance shall not include19
guarantees, membership dues, vendor contracts for goods and services related to20 HLS 10RS-2977 ENGROSSED
HB NO. 1488
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CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
administrative support for a local or state assistance program, assistance to private1
or parochial schools, assistance to private colleges and universities, or benefits to2
individuals.3
* * *4
DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part
of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute
part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
Lorusso HB No. 1488
Abstract: Provides that any not-for-profit organization that receives or expends any local
or state assistance in any fiscal year is subject to audit by the legislative auditor.
Present law provides for the powers and duties of the legislative auditor, and includes the
authority to audit the financial statements of the offices of the independently elected public
local officials, including judges, sheriffs, clerks of court, assessors, and district attorneys,
all parish governing authorities and all districts, boards, and commissions created by parish
governing authorities either independently or in conjunction with other units of government,
school boards, district public defender offices, municipalities, and all boards and
commissions created by municipalities, either independently or in conjunction with other
units of government, city courts, quasi-public agencies, housing authorities, mortgage
authorities, and certain other political subdivisions of the state.
Present law defines a quasi public agency or body, in part, as any not-for-profit organization
that receives and/or expends in excess of $25,000 in local and/or state assistance in any fiscal
year.
Proposed law retains present law, but removes the $25,000 limitation.
(Amends R.S. 24:513(A)(1)(b)(iv))