This bill amends existing financial disclosure requirements for individuals serving on certain boards and commissions in Louisiana. It specifically modifies R.S. 42:1124.2(C)(9)(e) and 1124.2.1(C)(7)(a) to clarify the obligations of these individuals regarding the disclosure of financial interests. Notably, the bill enacts new provisions under R.S. 42:1114(F) and 1114.3(F), which state that members of the immediate family of appointed board or commission members are not required to disclose information mandated by these sections. Additionally, the bill removes previous stipulations that required disclosure of loans from immediate family members unless certain conditions were met, thereby easing the financial disclosure burden on these individuals.

The bill also retroactively applies to January 1, 2023, and will take effect upon the governor's signature or after the designated period for bills to become law without signature. Overall, the changes aim to simplify the financial disclosure process for board and commission members and their families, while still maintaining transparency in public service.

Statutes affected:
HB250 Original: 42:2(C)(9), 42:1(C)(7)
HB250 Engrossed: 42:2(C)(9), 42:1(C)(7)
HB250 Enrolled: 42:2(C)(9), 42:1(C)(7)
HB250 Act 777: 42:2(C)(9), 42:1(C)(7)