Bond Commission

Name Bond Commission
Contact Person Lela M. Folse - Director
Mailing Address Post Office Box 44154
Baton Rouge, LA 70804
Phone Number 225-342-0040
Fax Number 225-342-0064
Board Email lfolse@treasury.state.la.us
Website http://www.treasury.state.la.us
Legal Authority Art VII Sect 8 -1974 Const & R.S. 39:1401-1410
Year Created 1974
Organizational Placement Department of Treasury
Purpose/Function The State Bond Commission was created to centralize and administer the incurring of state and local debt.
Number of Entity Members: Number Authorized: 14
Number Currently Serving: 14
Number of Entity Meetings: Actual number in prior year: 13
Estimated number in current year: 12
The Entity is:
Active   Inactive   Not fully organized   Disbanded   Never fully organized
Do members receive per diem, salaries, and/or travel expense reimbursements?
Yes   No
Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds?
Yes   No
Entity Member Per Diem:
  Amount Authorized: $153      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $8202
  Current year budgeted: $14000
Entity Member Salaries:
  Prior year actual: $0
  Current year budgeted: $0
Entity Member Travel Expense Reimbursement:
  Prior year actual: $7822
  Current year budgeted: $10627
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 0
Part-time: 0
Entity Fiscal Year End:
4/30         7/31         10/31         Other (identify date)
6/30         9/30         12/31         None
Participation in State Employee Benefit Programs:
    Employees:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs

    Members:
       participate in state retirement system(s) and/or state group insurance program(s)
       do not participate in state benefit programs
A state agency provides: (Check all that apply and identify the state agency)
Per Diem Payments          State Agency: Department of Treasury
Travel Reimbursements    State Agency: Department of Treasury
Other (explain)    State Agency:
Is this entity a budget unit or included within a budget unit of the State of Louisiana as defined by LSA-R.S. 39:2?
   Yes    No
  If yes, identify the budget unit and the budget schedule number below:
  Budget Unit Name:
  Budget Schedule Number:
Notes R.S. 39:1404 provides the organization of a state debt management section within the office of the state treasurer to assist the state treasurer in carrying out his role for the Bond Commission.
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