A. There is hereby created within the Legislature the Legislative Office of Fiscal Transparency (LOFT). The purpose of the Office shall be to assist the Legislature in performing its constitutional and statutory function of ensuring that government funds are expended in a fiscally responsible manner. B. The operations of the Office shall be overseen by the committee created in Section 3 of this act. The committee shall employ an Executive Director and such other staff as it may deem necessary to carry out its duties as set forth in this act. C. All expenses of the Office shall be paid by the Legislative Service Bureau, subject to the approval of the President Pro Tempore of the Senate and the Speaker of the House of Representatives. Employees of the Office shall be employed by the Legislative Service Bureau.
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