Louisiana Revised Statutes 39:116 – Capital Outlay reporting requirements; projects in any Capital Outlay Budget Act for eight or more years; completed projects
Terms Used In Louisiana Revised Statutes 39:116
- Agency: means any state office, department, board, commission, institution, division, officer or other person, or functional group, heretofore existing or hereafter created, that is authorized to exercise, or that does exercise, any functions of the government of the state in the executive branch, but not any governing body or officer of any local government or subdivision of the state, or any parochial officer who exercises functions coterminous with the municipality in which he performs those functions. See Louisiana Revised Statutes 39:2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Fund: means an independent fiscal and accounting entity with a self-balancing set of accounts recording cash or other resources together with all related liabilities, obligations, reserves, and equities which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with regulations, restrictions, and limitations. See Louisiana Revised Statutes 39:2
- Program: means a grouping of activities directed toward the accomplishment of a clearly defined objective or set of objectives. See Louisiana Revised Statutes 39:2
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 La. Rev. Stat. 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 La. Rev. Stat. 39:82(F)(1). The report shall be submitted to the Joint Legislative Committee on Capital Outlay.
Acts 2010, No. 846, §1.