Meetings
 
Agenda Item
Docket No. 12-2099
 
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RE:
Answer submitted by Louis Stewart in response to a notice of delinquency.
Facts:
Louis Stewart is a member of the Huntington Park Home Owners Association Board of Directors. He has filed previous pfds as he was not sure if he was required to file. The Huntington Park Improvement District Board is required to file as it was created by statute and has the authority to expend, disburse or invest $10,000 or more in funds in a fiscal year. However, the homeowners association does not meet these requirements.

Mr. Stewart is not now nor has he ever been a member of the Improvement District.

Law:
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 fourteen (14) business days after receipt of the notice of delinquency.
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.

Recommendations:
Advise Louis Stewart he is not required to file.

Assigned Attorney: Tracy Barker
 
 
ATTACHMENTS:
Description:
2012-2099- Staff Memo