Local Government Environmental Facilities and Community Development Authority Board of Directors

Name Local Government Environmental Facilities and Community Development Authority Board of Directors
Contact Person Ty E. Carlos - Executive Director, Louisiana Community Development Authority
Mailing Address 729 Spain Street
Baton Rouge, LA 70802
Phone Number 225-924-6150
Fax Number 225-924-6171
Board Email jennifer@louisianacda.com
Website www.louisianacda.com
Legal Authority La. R.S. 33:4548.1
Year Created 1991
Organizational Placement Political Subdivision
Purpose/Function The Authority was created for the purpose of assisting political subdivisions in constructing, extending, rehabilitating, repairing, and renewing infrastructure, economic development and environmental facilities, and assisting in the financing of such needs by political subdivisions.
Number of Entity Members: Number Authorized: 7
Number Currently Serving: 7
Number of Entity Meetings: Actual number in prior year: 12
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: $350      per meeting   per meeting day   per day spent on board business   None

Total entity member per diem:
  Prior year actual: $33574
  Current year budgeted: $32000
Entity Member Salaries:
  Prior year actual: $0
  Current year budgeted: $0
Entity Member Travel Expense Reimbursement:
  Prior year actual: $0
  Current year budgeted: $0
Number and Type of Authorized Employee Positions:
Classified: 0
Unclassified: 2
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:
Travel Reimbursements    State Agency:
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 The LCDA is made up of municipal members, who appoint one person to the membership Board (typically the Mayor, Director of Finance, Executive Director, or other appointee). From that Board, an Executive Committee (Board of Directors) is selected (currently 7 individuals)to serve different terms. A Chairman, Vice Chairman and Secretary/Treasurer is elected. In addition to the Executive Committee, there is a Development Committee, Budget and Personnel Committee and a Policy and Procedures Committee made up of Executive Committee members.

The LCDA is the State of Louisiana's largest conduit bond issuer, according to "The Bond Buyer's Municipal Marketplace" Red Book for years 2009 - 2012, issuing over $2.2 billion in bonds for municipalities, 501c3 and corporations in Louisiana.

Ty E. Carlos became the Executive Director of the Authority on April 14, 2014. He was previously a Vice President and Sales Executive for The Bank of New York Mellon Trust Company, NA in Baton Rouge. He has over 25 years of financial/banking experience and over 13 years of bond experience. Ty graduated from LSU with a Bachelor's of Science degree in Finance in May 1989.
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