Coastal Protection and Restoration Financing Corporation Governing Board
| Name | Coastal Protection and Restoration Financing Corporation Governing Board |
| Contact Person | Mr. Bren Haase - Executive Assistant, Governor's Office of Coastal Activities |
| Mailing Address |
1051 North Third Street, Suite 138 Baton Rouge, LA 70802 |
| Phone Number | 225-342-7669 |
| Fax Number | -- |
| Board Email | bren.haase@la.gov |
| Website | www.coastal.la.gov |
| Legal Authority | R.S. 39:99.28 |
| Year Created | 2007 |
| Organizational Placement | Office of the Governor |
| Purpose/Function | The Coastal Protection and Restoration Financing Corporation has the authority to carry out the financing, purchasing, owning and managing of the offshore royalty revenues and offshore royalty revenue assets. The board works closely with the Coastal Protection and Restoration Authority. |
| Number of Entity Members: |
Number Authorized: 15
Number Currently Serving: 14 |
| Number of Entity Meetings: |
Actual number in prior year: 0
Estimated number in current year: 1 |
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The Entity is: Active Inactive Not fully organized Disbanded Never fully organized |
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Do members receive per diem, salaries, and/or travel expense reimbursements? Yes No |
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Excluding member per diem, salaries, and travel expense reimbursements, does the entity receive or expend funds? Yes No |
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Entity Member Per Diem: Amount Authorized: $0 per meeting per meeting day per day spent on board business None |
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Total entity member per diem: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Salaries: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Entity Member Travel Expense Reimbursement: Prior year actual: $0.00 Current year budgeted: $0.00 |
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Number and Type of Authorized Employee Positions: Classified: 0 Unclassified: 0 Part-time: 0 |
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Entity Fiscal Year End: 4/30 7/31 10/31 Other (identify date) 6/30 9/30 12/31 None |
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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 |
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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: |
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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: |
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| Notes | Restrictions: ยง99.29. Governing board; membership; terms; compensation and expenses; chairman and vice chairman; quorum; employees, agents; limitation of liability A. The board of the corporation shall exercise all powers, rights, and duties conferred by this Subpart or other provisions of law upon the corporation. The board shall consist of the governor, the state treasurer, attorney general, president of the Senate and speaker of the House of Representatives, chairman of the Coastal Protection and Restoration Authority, secretary of the Department of Natural Resources, secretary of the Department of Transportation and Development, or their designees, and seven members appointed by the governor with one member appointed from each congressional district and the remaining member or members appointed from the state at large. The members of the board who are appointed by the governor shall represent the state's diverse population as near as practicable, and shall have a background and significant experience in financial management and investments. The members of the board appointed by the governor shall be subject to Senate confirmation and shall serve at the pleasure of the governor for terms of four years each, or until their successors shall have been appointed and qualified, as designated by the governor. Any appointment to fill a vacancy on the board shall be made for the unexpired term of the member whose death, resignation, or removal created such vacancy. Members on the board may be appointed to an additional term. B. The members of the board shall not receive compensation by reason of their membership on the board or attendance at the meetings thereof. The appointed members of the board shall receive a per diem allowance to be established by the board in an amount not to exceed the amount of per diem authorized for members of the legislature for attendance at meetings of the corporation or committees thereof or for |