Louisiana Revised Statutes 39:99.32 – Staff; counsel; assistance by state officers, departments and agencies; auditors; consultants
Terms Used In Louisiana Revised Statutes 39:99.32
- Agreement: means the agreement or agreements, as authorized under this Subpart, between the state of Louisiana, as the seller, and the corporation, as the purchaser, of the revenue assets. See Louisiana Revised Statutes 39:99.27
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Corporation: means the Coastal Protection and Restoration Financing Corporation created pursuant to this Subpart. See Louisiana Revised Statutes 39:99.27
- Functions: means duties, jurisdiction, powers, rights, and obligations, conferred or imposed upon, or vested in, any agency by law, or exercised, performed, or discharged by any agency without contravention of any provision of law. See Louisiana Revised Statutes 39:2
A. The staff of the Department of the Treasury, including that of the State Bond Commission, may, pursuant to a cooperative endeavor agreement, serve as staff to the corporation under the supervision of the state treasurer.
B. The attorney general shall, pursuant to a cooperative endeavor agreement, serve as counsel to the corporation, and subject to approval of the State Bond Commission and the attorney general, the corporation may employ or retain such other attorneys as it may deem necessary and fix their compensation.
C. State officers, departments and agencies may render support and services to the corporation within their respective functions, as requested by the corporation.
D. The books and accounts of the corporation shall be subject to audit not less than annually by the legislative auditor in accordance with La. Rev. Stat. 24:513. The corporation shall submit to the governor, the attorney general and the Legislative Audit Advisory Council, within thirty days of its receipt, a copy of every final external audit of the books and accounts of the corporation, other than copies of the reports of examinations of the legislative auditor.
E. The corporation may employ or retain such professionals, consultants, agents, financial advisers and accountants as it may deem necessary to carry out its duties under this Subpart and, the provisions of any other law to the contrary notwithstanding, may determine their duties and compensation subject only to the approval of the State Bond Commission.
F. The corporation shall be subject to the Code of Governmental Ethics (La. Rev. Stat. 42:1101, et seq.), the Open Meetings Law (La. Rev. Stat. 42:11, et seq.), the Public Records Law (La. Rev. Stat. 44:1, et seq.), and the Bond Validation Procedures Law (La. Rev. Stat. 13:5121, et seq.).
Acts 2007, No. 249, §1, eff. July 6, 2007.