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21-804 Office of Risk Management

The mission of the Office of Risk Management (ORM) is to develop, direct and administer a cost-effective and comprehensive risk management program for all state agencies, boards and commissions of the State of Louisiana and any other entity for which the state has an equity interest, in order to preserve and protect the assets of the State of Louisiana.

The goal of the Office of Risk Management is to provide a comprehensive loss prevention loss program that will minimize and protect the assets of the state.

The Office of Risk Management has four programs: Administrative, Other Claims Related, Contract Litigation and Risk Litigation.

The Office of Risk Management is an ancillary agency in the Division of Administration.

BUDGET SUMMARY

This agency does not have any short-term debt for Fiscal Year 1999-2000.

This agency does not have any long-term debt for Fiscal Year 1999-2000.

This agency's recommended appropriation also includes the following amount by means of financing for payments on the unfunded accrued liability of the Louisiana State Employees' Retirement System in accordance with the provisions of Article X, Section 29 of the Constitution of Louisiana:

State General Fund by:

 

 

     Fees & Self-gen. Revenues

 

$259,061

 

 

 

Total

 

$259,061


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