Louisiana House Bill 1 (2008)

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House Bill #1 is a key piece of legislation that was passed during the legislative special session held on ethics reform from Febraury 10th to Febraury 26th in the Louisiana legislature. House Bill 1 was passed on Febraury 26, 2008. This law requires everyone running for statewide office to file financial disclosures, as well as government officials in many more positions. Other 2008 Special Session Legislation can be found at Louisiana 2008 Transparency Legislation.

Contents

[edit] Required Financial Disclosures:

Financial disclosures are now required for the following offices.[1]

  1. The governor and each person holding statewide elected office.
  2. The secretary of each of the following departments of state government:
    1. The Department of Economic Development.
    2. The Department of Culture, Recreation and Tourism.
    3. The Department of Environmental Quality.
    4. The Department of Health and Hospitals.
    5. The Department of Labor.
    6. The Department of Natural Resources.
    7. The Department of Public Safety and Corrections.
    8. The Department of Revenue.
    9. The Department of Social Services
    10. The Department of Transportation and Development.
    11. The Department of Wildlife and Fisheries.
  3. The Department of Veterans Affairs.
  4. The executive secretary of the Public Service Commission.
  5. The director of state civil service.
  6. The superintendent of education, the commissioner of higher education, and the president of each public postsecondary education system.
  7. The commissioner of the division of administration.
  8. The policy director in the office of the governor.
  9. The chief of staff of the office of the governor.
  10. The executive counsel to the governor.
  11. The deputy chief of staff of the office of the governor.
  12. The legislative director in the office of the governor.

[edit] Standards for Financial Disclosures

All of these financial disclosures must be filed with the same guidelines as stated in State Law RS 42 Section 1124 Here is a breakdown of the requirements:

All requirements are needed to be filed by both the candidate or government official and his or her spouse as well.

  • Occupation and Business Address
  • The names and addresses of any business that the individual or spouse is a director, officer, owner, partner, member, or trustee and what interest he or she has in it. As well as any business where greater than 10% interest is owned,
  • The source name and address of all income the individual or spouse has received in excess of $1,000 as well as a description of what the payment was for.
  • A description and address of all real property valued of $2,000 which the individual or spouse owns

or has interest in

  • Any sale or purchase or stocks, bonds, securities or real property greater than $1,000
  • Any debt greater than $10,000.

These Assets and Liabilities can be reported in categories of value as follows[2] :

  1. Category I, less than five thousand dollars.
  2. Category II, $5,000-$24,999.
  3. Category III, $25,000-$49,999.
  4. Category IV, $50,000- $99,999.
  5. Category V, $100,000-$199,999.
  6. Category VI, $200,000 or more.

[edit] Public Records

The disclosures will be filed with the Board of Ethics and will become public records.

[edit] House Votes

House Final Passage

  • Yeas: 102
  • Nays: 1
  • Absent:1

[edit] Senate Votes

Senate Final Passage

  • Yeas: 39
  • Nays: 0
  • Absent: 0

[edit] External links

[edit] References

  1. ↑ HB1 2008, Louisiana
  2. ↑ RS 42 S 1124, Louisiana
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