LAC 46:LIV.113. Finances

A. Self Funding. The board shall be a self–sustaining body and shall generate sufficient revenues from fees and assessments to maintain effective and efficient operations. B. Administrative Costs. Board orders in disciplinary proceeding may require the respondent to reimburse the board as authorized by R.S. 37:2405(B)11. C. Budget. The board shall adopt an annual operating budget at a meeting which will allow timely filing with Division of Administration schedules. D. Special Funds. The board may receive and expend funds in addition to its annual or biennial receipts, from parties other than the state, when the following conditions are met. 1. Such funds are awarded for the pursuit of a specific objective which the board is authorized to accomplish by this Chapter, or which the board is qualified to accomplish by reason of its jurisdiction or professional expertise. 2. Such funds are expended for the pursuit of the objective for which they are awarded. 3. Activities connected with or occasioned by the expenditures of such funds do not interfere with the objective performance of the board’s duties and responsibilities, and do not conflict with the exercise of the board’s powers as specified by this Chapter. 4. Such funds are identified in the budget. 5. Periodic reports are made to the board concerning the receipt and expenditure of such funds. E. Travel Expenses. Board members, committee members and employees shall be entitled to reimbursement in accordance with R.S. 2404(C). The board shall adopt policies to provide guidance to the executive director in determining “reasonable” expenses.