2006 Louisiana Laws - RS 40:600.4 — Organization of the agency

§600.4.  Organization of the agency

A.(1)  The Louisiana Housing Finance Agency shall be governed by a board of commissioners composed of fifteen members.

(2)  Two members shall be the secretary of the Department of Social Services, or his designee, and the state treasurer, both of whom shall serve as ex officio members concurrent with the terms of their offices.

(3)  Eleven members shall be appointed by the governor in the following manner, each of whom shall serve at the pleasure of the governor:

(a)  One person from a list of three names submitted by the Louisiana Bankers Association.

(b)  One person from a list of three names submitted by the Louisiana Mortgage Bankers Association.

(c)  Repealed by Acts 2003, No. 983, §2, eff. July 1, 2003.

(d)  One person from a list of three names submitted by the Louisiana Home Builders Association.

(e)  One person from a list of three names submitted by the Louisiana Realtors Association.

(f)  One person from a list of three names submitted by the Louisiana Housing Council.

(g)  One person from a list of three names submitted by the Apartment Association of Louisiana.

(h)  One person from a list of three names submitted by the Louisiana AFL-CIO.

(i)  One person from a list of three names submitted by the Realtists Association of Louisiana.

(j)  Three persons from the general public.

(4)  Each appointment by the governor shall be submitted to the Senate for confirmation.

(5)  Two additional members shall be appointed as follows:

(a)  One person appointed by the president of the Senate.

(b)  One person appointed by the speaker of the House of Representatives.

B.  In the event of a vacancy in the office of any commissioner whose name was submitted by one of the above organizations, the governor shall notify the nominating organization and request that three names be submitted to him, from which he shall appoint a replacement to serve for the remainder of the unexpired term.

C.  The state treasurer and the secretary of the Department of Social Services shall serve as ex officio commissioners of the agency during their tenure in office.

D.  Each commissioner of the agency shall hold office until the commissioner resigns or is removed from office or until his successor has been appointed and has qualified.  Any appointed commissioner shall be eligible for reappointment.  Any commissioner of the agency may be removed from office by the governor for incompetence, malfeasance, misconduct or willful neglect of duty after reasonable notice and a public hearing, unless the same are expressly waived in writing.  Each commissioner of the agency appointed by the governor shall, before entering office, take the oath of office required of public officials to administer the duties of his office faithfully and impartially, and a record of such oath shall be filed with the secretary of state.

Added by Acts 1980, No. 707, §1, eff. July 24, 1980.  Amended by Acts 1982, No. 824, §1; Acts 1984, No. 892, §1; Acts 1988, No. 625, §2; Acts 1992, No. 1062, §2; Acts 1995, No. 90, §1; Acts 1997, No. 672, §1, eff. July 7, 1997; Acts 2003, No. 774, §11; Acts 2003, No. 983, §§1 and 2, eff. July 1, 2003.

NOTE:  SEE ACTS 1984, NO. 892, §3.