Treasurer Kennedy Commands Rep. Richard and Legislature for Taking Steps to Rein in Contracts

BATON ROUGE, La. – A bill that would require additional financial accountability and oversight of state contracts unanimously passed the Senate floor today, according to State Treasurer John Kennedy. HB 142 passed the Senate floor with a vote of 37 to 0 and now returns to the House for concurrence.

“I commend Rep. Dee Richard for his efforts to bring the consulting contract process into the sunlight,” said Treasurer Kennedy. “Nothing makes it easier to resist temptation than good values, a proper upbringing and witnesses. This bill provides the witnesses.”

HB 142 by Rep. Richard would provide that all state dollar contracts totaling $40,000 or more of General Fund and Over-Collections Fund dollars have to go to the Joint Legislative Committee on the Budget for final approval. The Joint Budget Committee could then approve the contract, ask for revisions, or disapprove the contract and direct the savings to higher education.

“For the first time the Legislature will be able to take a hard look at state contracts; eliminate the obviously frivolous ones; and generate money for higher education,” said Treasurer Kennedy.

If the House concurs with the Senate’s amendments to HB 142, the bill will then move to Governor Jindal’s desk for his signature. If the bill becomes law, it will be in effect for the next three fiscal years and will automatically sunset on July 1, 2017.

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us