§ 17:1519.8 — Audit and reporting requirements

Louisiana § 17:1519.8

• Jurisdiction: Louisiana
• Title 17: Credit Union Law

Text

§1519.8. Audit and reporting requirements
A. The division will engage in audits of its financial transactions under
the same terms and with the same frequency as other components of the
Louisiana State University system.
B. The division will issue routine reports of its operations under the
same terms and with the same frequency as other components of the Louisiana
State University system, or as otherwise required of all hospitals licensed by
the Louisiana Department of Health.
C. Beginning July 1, 2003, the division shall report to the Joint
Legislative Committee on the Budget and the Louisiana Department of Health
quarterly on the division's actual and projected expenses and revenues. The
reports shall include, for each hospital and the executive administration and
general support program, a complete and detailed accounting on a cash basis
of all revenues by source, including but not limited to, state general fund,
Medicaid, Medicaid-Uncompensated Care, Medicare, self-pay and commercial
insurance, federal grants, and receipts from any other public or private entity,
and all expenditures for the prior quarter in a form and manner approved by
the Joint Legislative Committee on the Budget. The reports shall also include,
for each hospital and the executive administration and general support program
for the current quarter and the next three quarters, projections of the costs that
will be eligible for reimbursement from Medicaid payments or uncompensated
care payments to be made by the Louisiana Department of Health.

Legislative History

Acts 1997, No. 3, §1, eff. July 1, 1997; Acts 1999, No. 802, §1, eff. July 2, 1999; Acts 2003, No. 906, §1, eff. July 1, 2003.