Business News

Bill to loosen financial disclosure heads to Jindal

by The Associated Press

Sen. Jonathan Perry

BATON ROUGE (AP) - Volunteers for minor boards and commissions shouldn’t have to follow state ethics rules that require the annual disclosure of financial information, both the House and Senate have agreed.

A proposal (Senate Bill 87) by Sen. Jonathan Perry, R-Kaplan, sent to the governor would give an exemption to people who don’t receive compensation or per diem for their service and who serve on a board that doesn’t have the authority to spend more than $50,000 a year.

The current law, Perry said, discourages people from wanting to volunteer for small museum and library boards.

The measure received final legislative passage Tuesday with a 30-5 vote.