Program Authorization: R.S. 3:76-77, 84, 216, 148, 202, 3652, 3655; R.S. 9:3401 et seq., 3865, 5164; R.S. 10:9 et seq., 501-508; R.S. 12:25, 32, 34-35, 104, 171, 202, 205; 236, 262-263, 304-305, 314.1,316, 336, 469, 492, 1304-1310, 1339-1340, 1342, 1345-1353, 1345- 1353, 1355, 1360, 1363-1364; R.S. 13:3422, 3471-3475, 3479-3481, 3485,5107; R.S. 51:213 et seq., 288, 294-295, 299-300, 1164; R.S. 36;745, 746; R.S. 37: 3490-3493; R.S. 49:227, 229-229.1; R.S. 14:325; R.S. 22:437, 439, 448, 493, 1268; R.S. 30:112; R.S. 39:911-913, 1111, 1118; R.S. 45: 2008; and LSA C.C.P. Article 1261-1262
The mission of the Commercial Program is to provide for the timely and efficient certification and processing of documents submitted for the purpose of securing and retaining business entities, other related business filings required by law to be filed with the Secretary of State, business licensing information to the business community of the state, and the legal services required by law to be processed by the Secretary of the State, and make readily available information concerning these business entities to the financial and legal community. Specifically, the Commercial Program provides the following services: (1) The registration of a state trademark, the registration of partnerships, the registration of an athlete agent, the review of certificate of authority applications of foreign corporations qualifying to do business in Louisiana; (2) Coordinate and manage the processing of Uniform Commercial Code (UCC) filings (and related liens) that are presented to any of the 64 parish clerks of court; (3) Provide services through the First Stop Shop where the business community and individuals seeking to establish or expand a business can obtain information on the various licenses required by state and local governments; (4) Provide direct computer access to corporate filings; (5) Act as agent for service of process on some foreign corporations and all foreign insurance companies and for out-of-state motorists involved in suits stemming from automobile accidents on Louisiana highways. The goal of this program is to maximize the efficiency of document processing and information services and ensure compliance with the laws governning the programs of the division at the lowest possible cost to the taxpayers. This program has one activity, Administrative.
OBJECTIVES AND PERFORMANCE INDICATORS
Unless otherwise indicated, all objectives are to be accomplished during or by the end of FY 1999-2000. Performance indicators are made up of two parts: name and value. The indicator name describes what is being measured. The indicator value is the numeric value or level achieved within a given measurement period. For budgeting purposes, performance indicator values are shown for the prior fiscal year, the current fiscal year, and alternative funding scenarios (continuation budget level and Executive Budget recommendation level) for the ensuing fiscal year (the fiscal year of the budget document).
RESOURCE ALLOCATION FOR THE PROGRAM
This program is funded with Fees and Self-generated Revenues. The Fees and Self-generated Revenues are derived from the following: (1) a $60 filing fee relative to domestic corporations; (2) a $100 filing fee relative to foreign corporations; (3) a $25 filing fee for annual reports relative to domestic and foreign corporations; and (4) charges for other services such as registering trademarks and partnerships, providing certificates of good standing, and providing copies and certified copies of any requested document.
ANALYSIS OF RECOMMENDATION
The total means of financing for this program is recommended at 115.6% of the existing operating budget. It represents 86.6% of the total request ($2,888,470) for this program. The net increase is primarily due to adjustments for related benefits for retired employees, other printing requirements, and for the imaging of certain archived records.
PROFESSIONAL SERVICES
|
This program does not have funding for Professional Services for Fiscal Year 1999-2000. |
OTHER CHARGES
|
This program does not have funding for Other Charges for Fiscal Year 1999-2000. |
ACQUISITIONS AND MAJOR REPAIRS
|
Replacement of obsolete telephone system and time stamp machines |
||