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Waiver request submitted by Todd Ortique McDonald, a board member with the New Orleans Industrial Development Board, regarding a $1500 late fee assessed for filing his 2015 Tier 2.1 annual PFD 195 days late. |
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Mr. McDonald is requesting a waiver of the late fee. Once receiving correspondence that this annual PFD was owed, he forwarded the completed forms on 4/10/2018. Due to Mr. McDonald's workload, he has resigned from the NO Industrial Development Board and has not been affiliated since late 2017.
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TYPE OF REPORT: 2015 Tier 2.1 Annual Report
ORIGINAL FILING DATE: May 16, 2016
DATE NOD RECEIVED: September 18, 2017 (signature not legible)
DATE REPORT FILED: April 10, 2018
DAYS LATE FROM NOD: 195 days
DAYS LATE FROM ORIGINAL DUE DATE: 694days
ASSESSED LATE FEE: $1500
OUTSTANDING PFD LATE FEES: None
OUTSTANDING CF LATE FEES: None
OUTSTANDING DISCLOSURE REPORTS: None
PRIOR EXPERIENCE: has filed 3 reports or amendments
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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.
La. R.S. 42:1124.4 of the Code provides that upon discovery of the failure to file, failure to timely file, omission of information or inaccurate information, the Board shall notify the filer by sending him a notice of delinquency by certified mail. The notice of delinquency shall inform the person that the financial statement must be filed, or that the information must be disclosed or accurately disclosed, or that a written answer contesting the allegation of such failure, omission, or inaccuracy must be filed no later than seven (7) business days after receipt of the notice of delinquency.
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Suspend all but $850 based on future compliance with the reporting requirements under the Code of Ethics. The $850 is payable within 30 days and if payment is not received within 30 days, the full amount of the late fee becomes due and owing.
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| Assigned Attorney: |
Tracy Barker |
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