LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 925 HLS 24RS 2046
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 31, 2024 8:35 PM Author: MACK
Dept./Agy.: Statewide
Subject: Outstanding judgments Analyst: Tanesha Morgan
JUDGMENTS EN +$84,000 GF EX See Note Page 1 of 1
Provides relative to reporting requirements for political subdivisions associated with outstanding judgments
Proposed law requires a political subdivision that is established by statute and that at any point in the current or immediately
prior year had total outstanding judgments in excess of $7.5 M to report to the legislative auditor, using uniform,
standardized, and consistent forms and terminology developed by the auditor, a complete list of all outstanding judgments.
Proposed law requires the legislative auditor to compile the reports into a single biennial report and to submit this report to
the Joint Legislative Committee on the Budget and the governor by December 1st. The reporting requirements shall
terminate on January 1, 2031. Proposed law shall not apply to any political subdivision created by home rule charter or
governed by a police jury.
EXPENDITURES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $84,000 $84,000 $84,000 $84,000 $84,000 $420,000
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $84,000 $84,000 $84,000 $84,000 $84,000 $420,000
REVENUES 2024-25 2025-26 2026-27 2027-28 2028-29 5 -YEAR TOTAL
State Gen. Fd. $0 $0 $0 $0 $0 $0
Agy. Self-Gen. $0 $0 $0 $0 $0 $0
Ded./Other $0 $0 $0 $0 $0 $0
Federal Funds $0 $0 $0 $0 $0 $0
Local Funds $0 $0 $0 $0 $0 $0
Annual Total $0 $0 $0 $0 $0 $0
EXPENDITURE EXPLANATION
The proposed legislation is anticipated to increase expenditures in the Auditor’s Office by approximately $84,000 (salaries
and benefits) per year associated with hiring an auditor in its Local Government Services section. This measure requires that
political subdivisions with total outstanding judgments exceeding $7.5 M in the current or previous year must report certain
information annually to the legislative auditor by September 30th. The auditor will compile the reports into a single biennial
report and submit it to the Joint Legislative Committee on the Budget and the governor by December 1st.
REVENUE EXPLANATION
There is no anticipated direct material effect on governmental revenues as a result of this measure.
Senate Dual Referral Rules House
13.5.1 >= $100,000 Annual Fiscal Cost {S & H} 6.8(F)(1) >= $100,000 SGF Fiscal Cost {H & S}
Patrice Thomas
13.5.2 >= $500,000 Annual Tax or Fee 6.8(G) >= $500,000 Tax or Fee Increase
Change {S & H} or a Net Fee Decrease {S} Deputy Fiscal Officer