SLS 10RS-492 ORIGINAL
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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. 60
BY SENATOR MORRELL
TREASURY DEPARTMENT. Provides that chairman of the State Bond Commission be
elected by the members of the commission. (8/15/10)
AN ACT1
To amend and reenact R.S. 39:1401(C), relative to the State Bond Commission; to provide2
for the election of a chairman of the State Bond Commission by its members; and to3
provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 39:1401(C) is hereby amended and reenacted to read as follows: 6
ยง1401. State Bond Commission7
* * *8
C. The state treasurer shall serve as chairman of the State Bond Commission9
shall be elected from its members, and the State Bond Commission may select such10
other officers as the commission may deem necessary.11
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Martha S. Hess.
DIGEST
Present law creates the State Bond Commission and provides that the members shall be the
governor, the lieutenant governor, the president of the Senate, the speaker of the House of
Representatives, the state treasurer, the secretary of state, the attorney general, the Senate
Finance Committee chairman, the Senate Revenue and Fiscal Affairs Committee chairman,
the House Ways and Means Committee chairman, the House Appropriations Committee SB NO. 60
SLS 10RS-492 ORIGINAL
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
chairman, two members of the legislature, one to be appointed by the president of the Senate
and one to be appointed by the speaker of the House of Representatives, and the
commissioner of administration, all ex officio.
Present law further provides that the state treasurer shall serve as chairman of the State Bond
Commission, and the State Bond Commission may select such other officers as the
commission may deem necessary.
Proposed law provides that the chairman of the State Bond Commission shall be elected
from its members.
Effective August 15, 2010.
(Amends R.S. 39:1401(C))