GREEN SHEET REDIGEST
HB 925 2024 Regular Session Mack
JUDGMENTS: Provides relative to reporting requirements for political subdivisions
associated with outstanding judgments.
DIGEST
Proposed law requires a political subdivision that is established by statute and that at any
point in the then-current or immediately prior year had total outstanding judgments in excess
of $7.5 million to include in its audit, compiled financial statement, or other required
reporting to the legislative auditor pursuant to present law using uniform, standardized, and
consistent forms and terminology developed by the auditor, a complete list of all outstanding
judgments, beginning in 2025.
Proposed law requires such listing to include the following:
(1)The caption and number of the matter.
(2)The court in which the matter was filed.
(3)The date of the judgment or the date the agreement was entered.
(4)The amount of the original judgment or agreement.
Proposed law requires the legislative auditor to compile the reports into a single biennial
report and to submit his report to the Joint Legislative Committee on the Budget and the
governor by December 1st.
Proposed law does not apply to any political subdivisions created by a home rule charter.
Effective upon signature of governor or lapse of time for gubernatorial action.
(Adds R.S. 24:513.5)
Summary of Amendments Adopted by House
The Committee Amendments Proposed by House Committee on House and
Governmental Affairs to the original bill:
1. Remove requirement that the political subdivision report no later than Sept. 30th,
with the first one due on Sept. 30, 2024, and provide instead that the information
be included in its required reporting to the auditor in accordance with present law
beginning in 2025.
2. Make technical changes.
Summary of Amendments Adopted by Senate
Committee Amendments Proposed by Senate Committee on Senate and Governmental
Affairs to the engrossed bill
1. Remove certain information from the list of required information for the report
to the legislative auditor.
2. Create a sunset date of January 1, 2031 for the reporting requirement.
3. Provide that the reporting requirement does not apply to any political subdivision
created by home rule charter.
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Prepared by Matt DeVille.