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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, 2014
SENATE BILL NO. 270
BY SENATOR AMEDEE
ETHICS. Provides relative to personal financial disclosure. (8/1/14)
AN ACT1
To amend and reenact R.S. 18:1495.7(A) and R.S. 42:1114(C)(1) and (E) and to enact R.S.2
42:1124.3(C)(3), (4), and (5), relative to personal financial disclosure; to require3
certain information on certain financial disclosure forms; to provide for enforcement4
of penalties for the failure to file financial disclosures; and to provide for related5
matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 18:1495.7(A) is hereby amended and reenacted to read as follows:8
§1495.7. Financial disclosure statements9
A. (1) Any person who becomes a candidate for an office for which the10
holder of the office is required to file financial disclosure statements pursuant to R.S.11
42:1124, 1124.2, or 1124.3 shall file a financial disclosure statement as required by12
R.S. 42:1124, 1124.2, or 1124.3 for the office for which he is a candidate. The13
statement required by this Section shall be filed within three business days after the14
close of the qualifying period during which the candidate files his notice of15
candidacy for the office. If the person is required by R.S. 42:1124, 1124.2, or 1124.316
to file a statement for the office for which he is a candidate, such filing shall satisfy17 SB NO. 270
SLS 14RS-646 ORIGINAL
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
the requirements of this Section.1
(2) Any person who becomes a candidate for an office prior to April2
fifteenth of any calendar year shall certify on his personal financial disclosure3
report that he has filed his federal and state taxes or filed for an extension4
thereof.5
* * *6
Section 2. R.S. 42:1114(C)(1) and (E) are hereby amended and reenacted and R.S.7
42:1124.3(C)(3), (4), and (5) are enacted to read as follows:8
§1114. Financial Disclosure9
* * *10
C.(1) Other than a legislator, each elected official, his spouse, and any11
business enterprise in which he has a substantial economic interest, who derives12
anything of economic value through a contract or other subcontract from the state or13
any political subdivision shall disclose the following:14
(a) The amount of income or value of anything of economic value derived;15
(b) The nature of the business activity;16
(c)(b) The name and address, and relationship to the elected official, if17
applicable; and18
(d)(c) The name and business address of the political subdivision, if19
applicable.20
* * *21
E. The disclosure statements required in this Section shall be filed each year22
with the appropriate ethics body by May first fifteenth and shall include such23
information for the previous calendar year. Such statements shall be a matter of24
public record.25
* * *26
§1124.3. Financial Disclosure; certain elected officials, voting districts of under five27
thousand28
* * *29 SB NO. 270
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
C. The financial statement required by this Section shall be filed on a form1
prescribed by the Board of Ethics and shall include the following information:2
* * *3
(3) The full name and mailing address of the individual who is required4
to file.5
(4) The full name and address of the individual's spouse, if any, and the6
spouse's occupation and principal business address.7
(5) The name of the employer, job title, and a brief job description of8
each full-time or part-time employment held by the individual or spouse.9
* * *10
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Ashley Menou.
DIGEST
Amedee (SB 270)
Present law requires candidates qualifying for an election to file a personal financial
statement disclosure report.
Proposed law requires candidates qualifying for an election prior to April 15
th
certify on the
personal financial disclosure report that they have filed their federal or state taxes or filed
for an extension.
Present law requires public servants other than legislators to file income disclosures by May
first.
Proposed law changes the due date of income disclosures for public servants other than
legislator to May 15
th
.
Present law requires Tier 1, 2, and 2.1 personal financial disclosures to include filer's and
spouse's name, address, and employment information.
Proposed law adds required information to the Tier 3 personal financial disclosures
regarding the filer's and any spouse's name, address, and employment.
Effective August 1, 2014.
(Amends R.S. 18:1495.7(A) and R.S. 42:1114(C)(1) and (E); adds R.S. 42:1124.3(C)(3), (4),
and (5))