Louisiana Revised Statutes 3:2055 – A. The council shall:
Terms Used In Louisiana Revised Statutes 3:2055
- Council: means the Louisiana Beef Industry Council established under this Part to administer and govern the program. See Louisiana Revised Statutes 3:2053
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fiscal year: means the calendar period beginning July 1 and ending June 30 following. See Louisiana Revised Statutes 3:2053
- Quorum: The number of legislators that must be present to do business.
A. The council shall:
(1) Receive and disburse funds, as prescribed elsewhere in this Part, to be used in administering and implementing the provisions and intent of this Part.
(2) Meet regularly, at least four times annually or by a special meeting called by a majority vote of the council.
(3) Maintain a permanent record of its business proceedings.
(4) Maintain a permanent and detailed record of its financial accounts.
(5) Prepare periodic reports and an annual report of its activities for the fiscal year.
(6) Prepare periodic reports and an annual accounting for the fiscal year of all receipts and expenditures of the council and shall retain a certified public accountant for this purpose.
(7) Appoint a licensed banking institution as the depository for program funds and disbursements.
(8) Maintain frequent communications with officers and industry representatives of the Cattlemen’s Beef Promotion and Research Board.
(9) Establish reasonable rules and regulations for the operation and functioning of the council.
B. Six members of the council shall constitute a quorum for the purpose of conducting business.
Added by Acts 1978, No. 320, §1. HCR 187, 1987 R.S.; HCR 201, 1988 R.S.; Acts 2009, No. 24, §8K, eff. June 12, 2009; Acts 2015, No. 428, §1.