LAC 4:XXIV.101. Definitions

Appropriation—an authorization by the legislature to a budget unit for a program to expend from public funds, including federal funding sources. Audit Law—the provisions in R.S. 24:513, which include acceptance and approval by the legislative auditor of certain not-for-profit organization’s annual report which may be a sworn financial statement, compilation report, review report, or audit report, as determined based on the not-for-profit organization’s funding received during the fiscal year. Contract—a cooperative endeavor agreement or equivalent agreement between a state agency and an NGE outlining the terms and conditions for the receipt and expenditure of the public funds. Nongovernmental Entity (NGE)—any not-for-profit organization, except school governing authorities required to post fiscal information through the School Transparency Project Portal pursuant to R.S. 17:88.1. State Agency—any state office, department, board, commission, institution, division, officer or other person, or functional group, heretofore existing or hereafter created, that is authorized to exercise, or that does exercise, any functions of the government of the state in the executive branch, including higher education agencies and state retirement systems.