Meetings
 
Agenda Item
Docket No. 16-268
 
Print
RE:
Staff memorandum regarding the food and drink limitation contained in La. R.S. 42:1115.1
Facts:
The CPI-U for Food and Beverage increased .8% during the 2015 calendar year.


In the past, the Board has multiplied the percent of increase (.008) with the current dollar limitation ($60) to determine the amount of any increase. Implementation of the formula creates an increase of $.48.

Law:
Section 1115.1C provides that beginning on July 1, 2009, and on July first of each year thereafter, when there has been an increase in the unadjusted Consumer Price Index (CPI-U)( Food and Beverage) as published by the United States Department of Labor, Bureau of Labor Statistics in January each year, the limit of fifty dollars for food, drink or refreshments provided in Subsections A and B of this Section shall be increased by the same percentage as the percentage by which that price index is increased. The amount of the increase shall be rounded off to the nearest dollar. The food, drink, or refreshment limit shall be adjusted by the Board of Ethics according to the Consumer Price Index (CPI-U)(Food and Beverage) and adopted and promulgated as a rule or regulation by the board in accordance with the provisions of R.S. 42:1134(A).

Recommendations:
No action required.

Assigned Attorney: Kathleen Allen
 
 
ATTACHMENTS:
Description:
2016-268 - Staff Memo