§88.1. Posting of public school governing authority fiscal information

            A. No later than September thirtieth each year, each public school governing authority shall post on its website its most recent budget and general summary required pursuant to R.S. 17:88.

            B. Within thirty days of notice of the approval and acceptance by the legislative auditor each year, each public school governing authority shall post on its website its most recent annual independent audit.

            C. For the fiscal year that begins July 1, 2024, and for each fiscal year thereafter, each public school governing authority shall post on its website semiannual reports detailing actual revenue, receipts, expenditures, and disbursements as further provided in this Subsection. Each report shall also include information concerning the governing authority's contracts for each quarter, including without limitation the identity of each vendor, the purpose of each contract, and payments associated with each contract. The report for the period from July first through December thirty-first shall be posted no later than March thirty-first; the report for the period from January first through June thirtieth shall be posted no later than September thirtieth.

            D. Each public school governing authority shall furnish to the Department of the Treasury, subject to the deadlines and in a manner jointly prescribed by the treasurer and state superintendent of education based on consultation with school business managers, the information posted by the governing authority pursuant to the provisions of this Section. The agencies shall jointly develop a template for the submission of any required information not already in the possession of the state Department of Education that minimizes administrative burden on school governing authorities. The treasurer shall post the information on the website of the Department of the Treasury. Subject to the availability of funds, the Department of the Treasury shall provide an online tool for comparison of public school governing authority budgets and expenditures, in total and on a per-pupil basis.

            E. For purposes of this Section, "contract" means all types of agreements, regardless of what an agreement may be called, of a public school governing authority, including orders, grants, and documents purporting to represent grants which are for the purchase or disposal of supplies, services, major repairs, or any other item. "Contract" includes, to the extent applicable, awards and notices of award, contracts of a fixed-price, cost, cost-plus-a-fixed-fee, or incentive type; contracts providing for the issuance of job or task orders; leases; letter contracts; purchase orders; memoranda of understanding; cooperative endeavor agreements; and personal, professional, consulting, and social services contracts.

            F. The provisions of this Section shall be effective only in years in which the legislature provides funding by a specific appropriation.

            Acts 2023, No. 370, §2.