This bill amends R.S. 42:1113(B) and (C) to strengthen the prohibitions on certain transactions involving public servants and their families. Specifically, it clarifies that no appointed member of a board or commission, nor their immediate family or legal entities in which they have a substantial economic interest, may bid on or enter into contracts or transactions under the supervision of their agency. The same prohibition applies to legislators and their families regarding contracts involving the legislator's agency.

The key changes in the bill include the removal of the phrase "be in any way interested" and its replacement with "have a substantial economic interest" in both sections. This adjustment aims to ensure that the focus remains on substantial economic interests, thereby tightening the regulations surrounding potential conflicts of interest for public servants and their families. The bill will take effect upon the governor's signature or after the designated time period for bills to become law without signature.

Statutes affected:
HB503 Original: 42:1113(B)
HB503 Engrossed: 42:1113(B)
HB503 Enrolled: 42:1113(B)
HB503 Act : 42:1113(B)