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of LOG STATE OF LOUISIANA <br /> �4,`, .Igt7,1,, DEPARTMENT OF STATE CIVIL SERVICE <br /> ��� ° 'y LOUISIANA BOARD OF ETHICS <br /> rip > P.O.BOX 4368 <br /> ` �, BATON ROUGE, LA 70821 <br /> °oHF�oEHc (225)219-5600 <br /> " ' FAX (225)381-7271 <br /> 1-800-842-6630 <br /> www.ethics.la.gov <br /> May 10, 2021 <br /> Tom Hanlon. <br /> 1307 Seaboard Avenue <br /> Baton Rouge, Louisiana 70810-6260 <br /> Re: Ethics Board Docket No.2020-727 <br /> Dear Mr. Hanlon: <br /> The Louisiana Board of Ethics,at its May 7,2021 meeting,considered your request for an advisory <br /> opinion as to whether members of the Capital Area Transit System Employees'Pension Fund Board <br /> of Trustees are required to file annual personal financial disclosure statements pursuant to R.S. <br /> 42:1124.2.1. <br /> FACTS PROVIDED <br /> You stated that the Capital Area Transit System Employees' Pension Fund (formerly the Capital <br /> Transportation Corporation Employees'Pension Plan)was created in 1973 by virtue of an agreement <br /> between the ATU Local 1546 and the Capital Transportation Corporation. The laws which created <br /> the Capital Transportation Corporation have been repealed and replaced with laws that changed the <br /> Capital Transportation Corporation to the Capital Area Transit System. The Pension Fund does have <br /> the authority to expend, disburse or invest$10,000 or more in funds in a fiscal year. <br /> LAWS <br /> La. R.S. 42:1124.2.1 requires financial disclosure for each member and designee of a board or <br /> commission which has the authority to expend, disburse or invest $10,000 or more of funds in a <br /> fiscal year on or before May 15th of each year during which the person holds office and the year <br /> following termination of the holding of such office. <br /> La.R.S. 42:1124.2.1(D)(1)(a) defines a board or commission as(i) each board, commission, and <br /> like entity created by law or executive order that is made a part of the executive branch of state <br /> government by the provisions of Title 36 of the Louisiana Revised Statutes of 1950,or that is placed <br /> in an executive branch department or in the office of the governor or lieutenant governor by law or <br /> executive order,or that exercises any authority or performs any function of the executive branch of <br /> state government; (ii) each board, commission, and like entity created by the constitution, by law, <br /> by a political subdivision,except as provided in Subparagraph(b)of this Paragraph,or jointly by two <br /> or more political subdivisions as a governing authority of a political subdivision of the state or of <br /> a local government. <br /> La. R.S. 42:1124.2.1D(1)(b) states that a"board or commission" shall not mean(i)the governing <br /> authority of a parish,(ii)any board or commission or like entity that governs a political subdivision <br /> created by a single parish governing authority of a parish with a population of two hundred thousand <br /> or less, or any subdistrict of such a political subdivision, (iii) the governing authority of a <br /> AN EQUAL OPPORTUNITY EMPLOYER <br />