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La. R.S. 42:1102(8) defines "controlling interest" to mean: <br /> (8) any ownership in any legal entity or beneficial interest in a trust, held by <br /> or on behalf of an individual or a member of his immediate family, either <br /> individually or collectively, which exceeds twenty-five percent of that legal <br /> entity. <br /> 23. <br /> La. R.S. 42:1153 provides with respect to penalties: <br /> B. Upon finding that any public employee or other person has violated any <br /> provision of any law within the jurisdiction of the board . . ., the board <br /> by a majority vote of the membership, may remove, suspend, or order <br /> a reduction in pay, or demotion of the public employee or other person, <br /> or impose a fine of not more than ten thousand dollars, or both. <br /> La. R.S. 42:1155 provides with respect to penalties: <br /> A. If an investigation pursuant to R.S. 42:1141 reveals that any public <br /> servant or other person has violated any law within the jurisdiction of <br /> the board to his economic advantage, the board may order he payment <br /> of penalties. Recovery may include, in addition to an amount equal to <br /> such economic advantage, penalties not to exceed one half of the <br /> amount of the economic advantage. . . <br /> 24. <br /> As evidenced by his signature below, Anthony I. "Buddy" Amoroso knowingly and <br /> of his own free will (a) does not contest that the violations are factually supported by stated <br /> facts herein; (h) does not contest that he violated La. R.S.42:1111C(2)(d);© acknowledges <br /> that upon his signature being affixed to this consent decree, this document will be available <br /> to the public as a public record; (d)agrees that this order and decree is final,waives his right <br /> of appeal or to otherwise seek a return of the payment of the penalty; and (e) agrees to pay <br /> Ethics Board Docket No. 2016-527 Page 8 of 13 <br />