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SB 718 - State Board Member and Commissioner Financial Disclosures - Louisiana Key Vote

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Title: State Board Member and Commissioner Financial Disclosures

Signed by Governor Bobby Jindal


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Title: State Board Member and Commissioner Financial Disclosures

Highlights:

-Requires members of the state legislature, public office holders, members of the Board of Ethics, members of state boards or commissions that have rule-making authority pursuant to the Administrative Procedure Act that receive a salary or other compensation in the amount of $16,800 or more per year or that have the authority to expend, disburse, or invest $10,000 or more of funds to annually file a financial statement as provided in this bill (Sec. 1).

-Requires that the financial statement include the following information:
-the individual's full name and address
-if applicable, the full name of the individual's spouse and the spouse's occupation and business address
-the name of employer and a job description for any occupation held by the individual and the individual's spouse
-the name, address, and a description of any business interest in which the individual or spouse is a director, officer, owner, partner, member, trustee, or in which the individual or spouse individually or collectively own an interest in exceeding ten percent
-the name, the address, a description, and the nature of association with any nonprofit in which the individual or spouse is a director or officer
-the name, address, type, and amount of each source of income received by the individual or spouse or by any business in which the individual or spouse individually or collectively owns an interest exceeding ten percent if the income is received from the state, a political subdivision, or a gaming interest
-certification that the individual has filed a federal and state income tax return or has filed for an extension
-certification of a lack of conflict of interest (Sec. 1).

Full Bill Text

See How Your Politicians Voted

Title: State Board Member and Commissioner Financial Disclosures

Vote Smart's Synopsis:

Vote to pass a bill that loosens the disclosure requirements of members of state boards and commissions regarding personal financial information.

Highlights:

- Amends the law relating to public disclosure of financial information by members of state boards and commissions to hold only those members of state boards and commissions with rule-making authority, who receive an annual salary of $16,800 or more, to the same personal financial information disclosure requirements as state legislators (Sec. 1). - Creates a new tier of disclosure reporting for other members of state boards and commissions, including members of the State Board of Elementary and Secondary Education, with a requirement that members must certify that neither they nor their immediate families have any personal or financial conflicts of interests that would inhibit their impartial performance as members of the board or commission (Sec. 1).

Full Bill Text

Title: State Board Member and Commissioner Financial Disclosures

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