Louisiana § 11:2003 Cash deposit for payment of benefits

Louisiana Statutes

§ 11:2003 — Cash deposit for payment of benefits

Louisiana § 11:2003

Title 11Consolidated Public Retirement Systems

This text of Louisiana § 11:2003 (Cash deposit for payment of benefits) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 11:2003 (2026).

Text

§2003. Cash deposit for payment of benefits
For the purpose of meeting disbursements for pensions, annuities, and other
payments, there may be kept available cash, not exceeding ten percent of the total amount
in the several funds of the retirement system, on deposit in one or more banks or trust
companies of the state of Louisiana organized under the laws of the state of Louisiana or of
the United States, provided that the sum on deposit in any one bank or trust company shall
not exceed ten percent of the paid up capital and surplus of such bank or trust company.

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§2003. Cash deposit for payment of benefits
For the purpose of meeting disbursements for pensions, annuities, and other
payments, there may be kept available cash, not exceeding ten percent of the total amount
in the several funds of the retirement system, on deposit in one or more banks or trust
companies of the state of Louisiana organized under the laws of the state of Louisiana or of
the United States, provided that the sum on deposit in any one bank or trust company shall
not exceed ten percent of the paid up capital and surplus of such bank or trust company.

Legislative History

Acts 1979, No. 765, §1, eff. Jan. 1, 1980; Redesignated from R.S. 33:6213 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2022, No. 248, §2, eff. June 30, 2022.