The bill amends R.S. 18:1495.7(A)(1) to clarify the requirements for candidates filing financial disclosure statements in Louisiana. It mandates that any individual who becomes a candidate for an office that requires financial disclosure must file a statement within three business days after the close of the qualifying period. This filing must adhere to the standards set forth in R.S. 42:1124, 1124.2, or 1124.3.

Additionally, the bill introduces a provision that if a candidate already holds an office or position that necessitates filing the same financial disclosure, this existing filing will fulfill the requirements of the new section. The language that previously stated candidates must file a statement specifically for the office they are seeking has been removed, streamlining the process for those already in compliance with disclosure requirements.

Statutes affected:
SB52 Original: 18:7(A)(1)
SB52 Engrossed: 18:7(A)(1)
SB52 Enrolled: 18:7(A)(1)
SB52 Act 285: 18:7(A)(1)