House Bill No. [insert number] enacts R.S. 24:513.5, which mandates that certain political subdivisions in Louisiana report their outstanding judgments to the legislative auditor. The bill recognizes the importance of timely payment of judgments against these subdivisions to avoid burdens on taxpayers and to enhance transparency and accountability. Specifically, any political subdivision that has total outstanding judgments exceeding $7.5 million in a given year must provide a comprehensive list of these judgments, including details such as the case caption, court, judgment date, and original amount.

The legislative auditor is tasked with developing standardized reporting forms and will compile the submitted reports into a biennial report to be submitted to the Joint Legislative Committee on the Budget and the governor by December 1 of each reporting year, starting in 2025. The reporting requirements will cease on January 1, 2031, and the provisions do not apply to political subdivisions created by home rule charter or governed by a police jury. The bill will take effect upon the governor's signature or after the designated period for bills to become law without a signature.