HB 1045

ENROLLED
 2026 Regular Session
  ACT No. 591
 HOUSE BILL NO. 1045
 BY REPRESENTATIVE LACOMBE
1AN ACT
2 To amend and reenact R.S. 24:513(J)(1)(c)(iii) and to enact R.S. 24:513(J)(1)(c)(v), relative
3to the legislative auditor; to provide relative to the powers and duties of the
4legislative auditor; to provide relative to local auditees; to provide for the threshold
5amount for certain local auditees to be audited annually; to provide for the
6adjustment of the threshold amount; and to provide for related matters.
7 Be it enacted by the Legislature of Louisiana:
8Section 1. R.S. 24:513(J)(1)(c)(iii) is hereby amended and reenacted and R.S.
9 24:513(J)(1)(c)(v) is hereby enacted to read as follows:
10§513. Powers and duties of legislative auditor; audit reports as public records;
11assistance and opinions of attorney general; frequency of audits; subpoena
12power
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14J.(1) The audits enumerated in Subsection A of this Section shall be
15conducted frequently enough to control and safeguard the assets of the auditee as
16follows:
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18(c) The financial statements of local auditees as defined in Paragraph (A)(3)
19of this Section shall be audited as follows:
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21(iii) Any local auditee that receives two hundred thousand dollars or more
22in revenues and other sources in any one fiscal year, but less than five hundred
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 HB NO. 1045  ENROLLED
1thousand dollars the audit threshold amount provided pursuant to Item (iv) or (v) of
2this Subparagraph, shall cause to be conducted an annual review of its financial
3statements to be accompanied by an attestation report in accordance with the
4Louisiana Governmental Audit Guide. However, the legislative auditor, at his
5discretion, may require said local auditee to have an audit of its books and accounts.
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7(v)(aa) Notwithstanding Item (iv) of this Subparagraph, any local auditee in
8a parish having a population in excess of twenty thousand two hundred persons and
9less than twenty-one thousand persons as of the latest federal decennial census that
10receives six hundred thousand dollars or more in revenues and other sources in any
11one fiscal year shall be audited annually.
12(bb) Beginning on July 1, 2027, and on July first of each year thereafter, if
13there has been an increase in the unadjusted Consumer Price Index as published by
14the United States Department of Labor, Bureau of Labor Statistics, in January of
15each year, the audit threshold amount provided in Subitem (aa) of this Item shall be
16increased by the same percentage as the percentage by which the Consumer Price
17Index is increased, rounded to the nearest dollar. The legislative auditor shall adjust
18the audit threshold amount according to the Consumer Price Index as provided in this
19Subitem.
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  SPEAKER OF THE HOUSE OF REPRESENTATIVES
  PRESIDENT OF THE SENATE
  GOVERNOR OF THE STATE OF LOUISIANA
 APPROVED:
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