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The Finance Authority is a public trust that provides down-payment assistance to low- and moderate-income people trying to buy houses, and says it has helped buyers purchase about 12,000 houses for $1 billion since 1979. It hired Rob Konrad as its attorney in 2004. Five days before Gordon Konrad died, the Jefferson inspector general's office released a report on the authority. It blamed "a breakdown at the highest levels of local government" for widespread failures in an agency that pays each board member $150 to attend weekly meetings averaging 36 minutes in length. Among other findings, the report said the authority hired some lawyers and other professionals, including Rob Konrad, without putting the work out for competition and paid them without documentation of the work. Konrad's most recent contract had the authority paying him a $3,500 monthly retainer. For certain additional duties, he billed more. In 2015 and 2016, the Finance Authority paid the Konrad Law Firm a total of $104,000, according to the inspector general's office audit report. On Dec. 6, the Louisiana attorney general's office released an opinion examining Konrad's work arrangement with the authority. It said a monthly retainer was legal if the authority takes care "to ensure it receives services of at least equivalent value to the payments made to the general counsel." It recommended itemized billing and verification of the work.
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