SLS 10RS-570 ENGROSSED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2010
SENATE BILL NO. 492
BY SENATOR NEVERS
ETHICS. Brings the governing boards of charter schools under the financial disclosure
requirements of the Ethics Code. (8/15/10)
AN ACT1
To enact R.S. 42:1124.2.1(A)(4), relative to financial disclosure; to provide that members2
of the governing or management board of a charter school are subject to certain3
financial disclosure requirements; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 42:1124.2.1(A)(4) is hereby enacted to read as follows: 6
ยง1124.2.1 Financial disclosure; members of boards and commissions7
A. Each of the following, except a person who is required to file a financial8
statement pursuant to R.S. 42:1124 or 1124.2, shall annually file a financial9
statement as provided in this Section: 10
* * *11
(4) Each member of the governing authority or management board of a12
charter school created pursuant to Chapter 42 of Title 17.13
* * *14 SB NO. 492
SLS 10RS-570 ENGROSSED
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Alden A. Clement, Jr.
DIGEST
Nevers (SB 492)
Present law provides that each of the following persons, except a person who is required to
file a financial statement pursuant under "Tier 1" or "Tier 2" of present law, must annually
file a financial statement with the Board of Ethics as provided for in present law relative to
"Tier 2.1" reporting requirements:
(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.
Proposed law provides that each member of the governing authority or management board
of a charter school created pursuant to present law must also file the "Tier 2.1" financial
disclosure report required by present law.
Proposed law otherwise retains present law.
Effective August 15, 2010.
(Adds R.S. 42:1124.2.1(A)(4))