Louisiana Revised Statutes 42:1114 – Financial disclosure
Terms Used In Louisiana Revised Statutes 42:1114
- Agency: means a department, office, division, agency, commission, board, committee, or other organizational unit of a governmental entity. See Louisiana Revised Statutes 42:1102
- Contract: A legal written agreement that becomes binding when signed.
- Elected official: means any person holding an office in a governmental entity which is filled by the vote of the appropriate electorate. See Louisiana Revised Statutes 42:1102
- Ethics body: means the Board of Ethics. See Louisiana Revised Statutes 42:1102
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Legislator: means any person holding office in the Senate or the House of Representatives of the Louisiana Legislature which is filled by the vote of the appropriate electorate. See Louisiana Revised Statutes 42:1102
- Person: means an individual or legal entity other than a governmental entity, or an agency thereof. See Louisiana Revised Statutes 42:1102
- Political subdivision: means any unit of local government, including a special district, authorized by law to perform governmental functions. See Louisiana Revised Statutes 42:1102
- Public servant: means a public employee or an elected official. See Louisiana Revised Statutes 42:1102
- Substantial economic interest: means an economic interest which is of greater benefit to the public servant or other person than to a general class or group of persons, except:
(a) The interest that the public servant has in his position, office, rank, salary, per diem, or other matter arising solely from his public employment or office. See Louisiana Revised Statutes 42:1102
- Thing of economic value: means money or any other thing having economic value, except promotional items having no substantial resale value; pharmaceutical samples, medical devices, medical foods, and infant formulas in compliance with the Food, Drug, and Cosmetic Act, 21 U. See Louisiana Revised Statutes 42:1102
A. Other than a legislator, each public servant and each member of his immediate family who derives any thing of economic value, directly, through any transaction involving the agency of such public servant or who derives any thing of economic value of which he may be reasonably expected to know through a person which (1) is regulated by the agency of such public servant, or (2) has bid on or entered into or is in any way financially interested in any contract, subcontract, or any transaction under the supervision or jurisdiction of the agency of such public servant shall disclose the following:
(1) The amount of income or value of any thing of economic value derived;
(2) The nature of the business activity;
(3) Name and address, and relationship to the public servant, if applicable; and
(4) The name and business address of the legal entity, if applicable.
B. Each legislator and each member of his immediate family who derives anything of economic value, directly, through any transaction involving the legislator’s agency or who derives anything of economic value of which he may be reasonably expected to know through a person which has bid on or entered into or is in any way financially interested in any contract, subcontract, or any transaction involving the legislator’s agency shall disclose the following:
(1) The amount of income or value of anything of economic value derived;
(2) The nature of the business activity;
(3) The name and address, and relationship to the legislator, if applicable; and
(4) The name and business address of the legal entity, if applicable.
C.(1) Other than a legislator, each elected official, his spouse, and any business enterprise in which he has a substantial economic interest, who derives anything of economic value through a contract or other subcontract from the state or any political subdivision shall disclose the following:
(a) The nature of the business activity;
(b) The name and address, and relationship to the elected official, if applicable; and
(c) The name and business address of the political subdivision, if applicable.
(2) For the purposes of this Subsection, a “business enterprise”, shall be included in the disclosure statement only if the elected official and/or his spouse owns at least ten percent of such enterprise.
D. Repealed by Acts 1999, No. 2, §3, April 22, 1999.
E. The disclosure statements required in this Section shall be filed each year with the appropriate ethics body by May fifteenth and shall include such information for the previous calendar year. Such statements shall be a matter of public record.
Acts 1979, No. 443, §1, eff. April 1, 1980; Acts 1990, No. 1084, §1; Acts 1997, No. 1279, §1, eff. July 15, 1997; Acts 1999, No. 2, §3, eff. April 22, 1999; Acts 2014, No. 744, §2.