DIGEST
The digest printed below was prepared by House Legislative Services. It constitutes no part of the
legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law
or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)]
HB 965 Original 2016 Regular Session Robert Johnson
Abstract: For Tier 3 financial disclosure filers, removes disclosure requirement of business income
from the state or a political subdivision and instead requires the disclosure of each contract
entered into by any business in which the filer or his spouse owns at least 10% with the state
or a political subdivision, including the amount or value of the contract, the duration of the
contract, and a description of the goods or services provided or to be provided pursuant to
the contract.
Present law (R.S. 42:1124.3–ethics code) regarding Tier 3 annual financial disclosure, requires the
annual filing of a financial statement by specified officials, including each person holding a public
office who represents a voting district having a population of fewer than 5,000 persons and each
member of a governing authority or management board of a charter school.
Present law requires the financial statement to contain specified information, including specific
amounts, as to income received during the immediately preceding calendar year by the individual
or his spouse or any business in which such individual or his spouse, individually or collectively,
owns at least 10%, from the state, a political subdivision, or certain gaming interests, a certification
that such individual has filed his federal and state income tax returns or has filed for an extension
of time for filing such tax returns, the full name and address of the individual required to file, the full
name of the spouse and the spouse's occupation and principal business address, and the name of the
employer, job title, and brief job description of each employment held by the individual or spouse.
Proposed law removes the requirement that income received from the state or political subdivision
by a business in which such individual or his spouse, individually or collectively, owns at least 10%
be reported and instead requires the reporting of each such contract entered into by any business in
which the individual required to file or his spouse, individually or collectively, owns at least 10%,
with the state or political subdivision, including the amount or value of the contract, the duration of
the contract, and a description of the goods or services provided or to be provided pursuant to the
contract and otherwise retains present law.
Effective January 1, 2017.
(Amends R.S. 42:1124.3(C)(1))