Louisiana Revised Statutes 34:3495 – A. The board of commissioners shall be the governing body of the authority with full power to promulgate rules and regulations for the maintenance and operation of the authority but
Terms Used In Louisiana Revised Statutes 34:3495
- 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.
A. The board of commissioners shall be the governing body of the authority with full power to promulgate rules and regulations for the maintenance and operation of the authority but may defer certain matters to the executive board provided for in Subsection C of this Section for consideration and action. Any action taken by the executive board shall be ratified by the board of commissioners.
B. The board of commissioners shall formulate general policy. It shall decide upon all matters relating to the authority development program. It shall adopt an annual report, presenting in detail the operations of the board for the preceding fiscal year, ending June thirtieth, and such other statistical and financial data as may be requisite to show the nature, extent and results of the operations of the board.
C. The commissioners shall elect a president, a vice president, a secretary, and a treasurer from among the members of the board of commissioners to serve for a term of two years and shall constitute the executive board.
D. The executive director shall be chosen by the board of commissioners.
E. The board of commissioners shall prescribe its own rules, which shall be adopted and promulgated.
F. The board of commissioners or the executive board shall meet at least once every ninety days, or upon the written request of three members, or upon the written request of the president. The board may, upon the affirmative vote of a majority of its members, extend the ninety-day time interval between regular meetings.
G. All matters to be acted upon by the board of commissioners or the executive board shall require the affirmative vote of a majority of the board, with the exception that the affirmative vote of not less than six commissioners shall be required to select the executive director.
Acts 2008, No. 699, §1, eff. July 1, 2008; Acts 2009, No. 237, §1; Acts 2014, No. 471, §1, eff. June 4, 2014; Acts 2020, 2nd Ex. Sess., No. 51, §1, eff. Nov. 5, 2020.