| Advisory opinion regarding whether the members of the Blind Vendors Trust Fund Board are required to file annual personal financial disclosure statements pursuant to La. R.S. 42:1124.2.1. |
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In Docket No. 2008-604, the Board determined that members of the Blind Vendors Trust Fund Board were required to file annual personal financial disclosure statements. The Randolph Sheppard Program Manager is requesting the Board reconsider this determination.
The Blind Vendors Trust Fund Board was created by R.S. 23:3044 and consists of eight Blind Managers from an Elected Committee and the Director of the Louisiana Rehabilitation Services. The members serve without compensation but are reimbursed for their travel expenses. It is asserted that the Blind Vendors Trust Fund Board is advisory only, and does not have the authority to expend, disburse or invest $10,000 or more in funds in a fiscal year. It is asserted that the monies maintained in the trust fund are expended by the Louisiana Rehabilitation Services Department and the left over funds are invested by the State Treasurer.
According to R.S. 23:3045, the money in the trust fund shall be distributed for any purpose consistent with the provisions of the Randolph-Sheppard Act as may be determined by the Louisiana Rehabilitation Services Department with the active participation of the Blind Vendors Trust Fund Board.
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La. R.S. 42:1124.2.1 requires financial disclosure for each member and designee of a board or commission which has the authority to expend, disburse or invest $10,000 or more of funds in a fiscal year on or before May 15th of each year during which the person holds office and the year following termination of the holding of such office.
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Adopt the proposed advisory opinion.
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| Assigned Attorney: |
Tracy Barker |
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