RS 6:1373 Repealed by acts 2010, no. 743, §3, eff. july 1, 2010.
§1373. Commission; creation; membership; officers; meetings
A. The Louisiana Financial Literacy and Education Commission is hereby created and established in the Department of Treasury, hereinafter referred to in this Chapter as the "department". The commission shall exercise the powers and duties hereinafter set forth or otherwise provided by law.
B. The commission shall consist of the following members:
(1) The state treasurer.
(2) The commissioner of administration or his designee.
(3) The commissioner of financial institutions or his designee.
(4) The secretary of economic development or his designee.
(5) The secretary of revenue or his designee.
(6) The superintendent of education or his designee.
(7) The commissioner of higher education or his designee.
(8) The secretary of social services or his designee.
(9) The executive director of the Louisiana Workforce Commission or his designee.
(10) The secretary of public safety and corrections or his designee.
(11) One member from each congressional district to be appointed by the governor, who shall serve at the pleasure of the governor. At least four of the members shall have at least one year of experience in the banking or financial services industry. These appointments should be representative of the state's population as near as practicable. Each appointment by the governor shall be subject to Senate confirmation.
C. The state treasurer shall serve as the commission's chairman. At its first meeting, the commission shall elect one of its members as vice chairman and one of its members as secretary. The vice chairman and the secretary shall each serve a term of one year and shall be eligible for reelection.
D. The commission shall meet at least once in each quarter of the fiscal year, and as often thereafter as shall be deemed by the chairman. The initial meeting shall take place no later than October 15, 2008. A majority of the members of the commission shall constitute a quorum and such quorum shall be required for the transaction of all business by the commission.
E. Members of the commission shall receive no salary for their services to the commission, but may be reimbursed for actual travel expenses incurred while in the performance of their duties solely for the commission in accordance with travel regulations set forth by the division of administration.
Acts 2008, No. 766, §1.