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 |
5641 Bankers Avenue, Building B Baton Rouge, LA 70808 |
Phone Number | 225-924-6150 |
Fax Number | 225-924-6171 |
Board Email | amy@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: 11 |
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: $350 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: $47,000.00 |
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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: $12,000.00 |
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Number and Type of Authorized Employee Positions: Classified: 0 Unclassified: 3 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 | The LCDA is made up of municipal members, who appoint a designee to the membership Board (typically the Mayor, Director of Finance, Executive Director, or other appointee). From that Board of Directors, an Executive Committee is selected (7 individuals) to serve different at large terms (1 year, 2 year, 3 year and 4 year). A Chairman, Vice Chairman and Secretary/Treasurer is also elected. In addition to the Executive Committee, there is a Development Committee, Budget and Personnel Committee and Policy and Procedures Committee, which are appointed by the Chairperson. For the YE 2024 the LCDA will have 1 advisory member (only former chairpersons qualify) who participate in meetings, but are non-voting members. The chairperson receives a $450 per diem per meeting, while others receive $350 per meeting. The LCDA is the State of Louisiana's largest conduit bond issuer. Since inception, the LCDA has issued over $20 billion in bonds to assist municipalities, non-profits and for-profit entities in Louisiana. Ty E. Carlos became the Executive Director of the Authority in April 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 35 years of financial/banking experience and over 25 years of bond experience. Ty graduated from LSU with a Bachelor's of Science degree in Finance in May 1989. Salaries for employees are shown per month. Compensation for Executive Board members is per diem per attended meeting. LCDA operates on a 12/31 fiscal year end. Budget for fiscal year 2025 was approved at the December 12, 2024 meeting and reflected. Final financial information for year ending 2024 will be updated upon receipt from the Auditor and approval by the Executive Committee in May 2025. |