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ACT No. 1045
Regular Session, 2010
HOUSE BILL NO. 1488 (Substitute for House Bill No. 532 by Representative Lorusso)
BY REPRESENTATIVE LORUSSO
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
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(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
administrative support for a local or state assistance program, assistance to private21 ENROLLEDHB NO. 1488
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or parochial schools, assistance to private colleges and universities, or benefits to1
individuals.2
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SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: