LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: HB 355 HLS 21RS 347
Bill Text Version: ENGROSSED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: May 3, 2021 6:10 PM Author: TURNER
Dept./Agy.: Legislative Auditor
Subject: Audit requirements Analyst: Greg Albrecht
ATHLETICS EG SEE FISC NOTE GF EX See Note Page 1 of 1
Prohibits schools from being members of or participating in athletic competitions sponsored by an association that is not
audited by the legislative auditor
Present law provides for the authority of the legislative auditor (LLA) to compile financial statements and to examine, audit,
or review the books and accounts of, among other entities, quasi public agencies or bodies. Present law also defines a quasi
public agency, in part, as any not-for-profit organization that receives or expends any local or state assistance in any fiscal
year.
Proposed law prohibits any public or nonpublic school, approved by BESE and receiving state funds, from being a member of
or participating in any competition sponsored by an intrastate interscholastic extracurricular athletic association or
organization, unless the association or organization submits its financial records to the legislative auditor for review as
provided by R.S. 24:513 for a quasi-public agency.
EXPENDITURES 2021-22 2022-23 2023-24 2024-25 2025-26 5 -YEAR TOTAL
State Gen. Fd. SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
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
REVENUES 2021-22 2022-23 2023-24 2024-25 2025-26 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 Legislative Auditor is not likely to incur material increased expenditures as a result of the proposed legislation, assuming
the legislation applies to only a limited number of entities. In such a case, any additional work conducted as a result is likely
to be minimal. However, if numerous entities are involved, there may be costs to the auditor associated with increased
workload to identify affected entities, issue guidance to certified public accountants, and monitor the completion of audits.
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}
Christopher A. Keaton
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} Legislative Fiscal Officer