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Code · Louisiana · Title 39 — Public Finance

RS 39:116

377 words·~2 min read·/la/title-39/39-1139

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RS 39:116
§116. Capital Outlay reporting requirements; projects in any Capital Outlay Budget Act for eight or more years; completed projects
A. The Joint Legislative Committee on Capital Outlay shall receive an annual reporting of capital outlay projects which have been active in the capital outlay system for eight or more years, and which have a residual fund balance as of the date of the report. The report shall be due no later than the first day of February of each year. The office of facility planning and control shall submit the report on the capital outlay projects which it administers. State agencies which are authorized to administer their own capital outlay appropriations, hereinafter referred to as "independent agencies", shall submit their respective reports for all projects which qualify for reporting.
For purposes of this Section, "independent agency" shall have the meaning prescribed for "agency" in R.S. 39:2.
B.(1) The report shall be presented in a format which shall include the following information for each of the projects:
(a)The title of the project.
(b)The total amount of funding approved for the project, including all means of finance, sorted by fiscal year.
(c)The current status of the project as either active or complete.
(d)The current balance of funds, sorted by means of finance for each project.
(e)A designation as to whether or not any unspent appropriations from the original project have been reappropriated for another project or purpose.
(f)For reports by independent agencies, if the agency administers a statewide program for capital outlay expenditures, the report shall include a listing of projects within such programs which meet the criteria for reporting.
(2)The commissioner of administration shall develop a format to be used for the report. The commissioner shall provide the format to the independent agencies for their use in preparation of their reports.
C. The state treasurer shall prepare a report at the end of each fiscal year containing a list of all appropriations for the fiscal year for which he has received notification of the completion of a project which is funded by an appropriation subject to the provisions of R.S. 39:82(F)(1). The report shall be submitted to the Joint Legislative Committee on Capital Outlay.
Acts 2010, No. 846, §1.
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