SLS 10RS-570 REENGROSSED
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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 amend and reenact R.S. 42:1124.3(A) and to enact R.S. 42:1124.2.1(A)(4), relative to2
financial disclosure; to provide that members of the governing or management board3
of a charter school are subject to certain financial disclosure requirements; and to4
provide for related matters.5
Be it enacted by the Legislature of Louisiana:6
Section 1. R.S. 42:1124.3(A) is hereby amended and reenacted and R.S.7
42:1124.2.1(A)(4) is hereby enacted to read as follows:8
§1124.2.1. Financial disclosure; members of boards and commissions9
A. Each of the following, except a person who is required to file a financial10
statement pursuant to R.S. 42:1124 or 1124.2, shall annually file a financial11
statement as provided in this Section: 12
* * *13
(4) Each member of the governing authority or management board of a14
charter school created pursuant to Chapter 42 of Title 17.15
* * *16
§1124.3. Financial disclosure; certain elected officials, voting districts of under five17 SB NO. 492
SLS 10RS-570 REENGROSSED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
thousand1
[Effective Date: Text of Section effective on January 1, 2010.]2
A. Each person holding a public office who represents a voting district3
having a population of fewer than five thousand and each member of the governing4
authority or management board of a charter school created pursuant to5
Chapter 42 of Title 17, except any person who is required to file a financial6
statement by R.S. 42:1124, 1124.2, or 1124.2.1 shall annually file a financial7
statement as provided in this Section.8
* * *9
The original instrument was prepared by Alden A. Clement, Jr. The
following digest, which does not constitute a part of the legislative
instrument, was prepared by Jeanne Johnston.
DIGEST
Nevers (SB 492)
Present law (R.S. 42:1124.2.1) 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.
Present law (R.S. 42:1124.3) provides that each person holding a public office who
represents a voting district having a population of fewer than 5,000, and is not otherwise
statutorily required to file a "Tier 1" or a "Tier 2" financial statement, shall annually file a
financial statement as provided in present law.
Proposed law retains these provisions and additionally provides that each member of the
governing authority or management board of a charter school must also file the "Tier 3"
financial disclosure report required by present law.
Effective August 15, 2010.
(Amends R.S. 42:1124.3(A); adds R.S. 42:1124.2.1(A)(4)) SB NO. 492
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Summary of Amendments Adopted by Senate
Senate Floor Amendments to engrossed bill.
1. Requires members of charter school boards to file a "Tier 3" financial
disclosure report.