LEGISLATIVE FISCAL OFFICE
Fiscal Note
Fiscal Note On: SB 188 SLS 21RS 410
Bill Text Version: ENROLLED
Opp. Chamb. Action:
Proposed Amd.:
Sub. Bill For.:
Date: June 15, 2021 8:34 AM Author: WOMACK
Dept./Agy.: Louisiana Housing Corporation
Subject: Number of Board Members Analyst: Monique Appeaning
HOUSING EN SEE FISC NOTE SG EX See Note Page 1 of 1
Provides for the number of board members of the Louisiana Housing Corporation. (8/1/21)
Proposed law changes the number of appointments by the governor from six to eight. Proposed law provides for the
treasurer “may” name any person as his designee to this board. Proposed law provides that the committee shall meet within
sixty days after any mayoral election is concluded or any vacancy in the landlord commissioner position and shall
nominate the list of landlord commissioners as provided in present law.
EXPENDITURES 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. SEE BELOW SEE BELOW SEE BELOW SEE BELOW SEE BELOW
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
Proposed law may result in an SGR expenditure increase to the LA Housing Corporation (LHC) as a result of its board of
directors increasing by two. The agency reports it will need $9,338 in FY 22, $9,431 in FY 23, $9,525 in FY 24, $9,620 in
FY 25, and $9,716 in FY 26. The agency assumed a 1 percent annual increase in cost for expenses to cover normal
adjustments in the cost of goods and services.
NOTE: $4,669 average amount spent per board member x 2 new board members = $9,338
The agency reports that it expended $4,669 on average over the past three (3) years per board member on items such as
per diem payments, staff travel for conferences and related cost associated with that travel for board meetings and other
agency related discussions, court reporting services related to public meetings, the postage cost for mailing documents and
packages, supplies and other work-related charges.
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}
Alan M. Boxberger
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} Staff Director


Statutes affected:
SB188 Original: 40:89(A)(3)
SB188 Engrossed: 40:89(A)(1)
SB188 Reengrossed: 40:89(A)(1)
SB188 Enrolled: 40:531(B)(2), 40:89(A)(1)
SB188 Act : 40:531(B)(2), 40:89(A)(1)