Answer

R.S. 24:513(A)(1)(b) A quasi public agency/body is defined as:  A for-profit or not-for-profit organization that is: Created to perform a public purpose by o the state of LA or any political subdivision or agency o any special district or authority or o unit of local government  A component unit of a governmental reporting entity, as defined by Generally Accepted Accounting Principles (GAAP)  Created to perform a public purpose and having one or more of the following: o governing body elected by the public o majority of governing body appointed by a governmental entity or an official as part of his duties o recipient of the proceeds of an ad valorem tax or general sales tax levied for its operation o able to issue debt with interest exempt from federal taxation o can dissolve unilaterally by governmental entity and assets assumed without compensation by the entity  Subject to the open meetings law and derives a portion of its income from payments received from any public agency or body.  A not-for-profit that receives or expends any local or state assistance in any fiscal year. Assistance shall include: o grants, loans, transfers of property, awards, and direct appropriations of state and/or local public funds. Assistance shall not include: o guarantees, membership dues, vendor contracts for goods and services related to administrative support for a local or state assistance program, o assistance to private or parochial schools, o assistance to private colleges and universities, or o benefits to individuals. Louisiana Legislative Auditor website: 04/25/2025 08:11:47 PM