Louisiana § 11:3509 Investment of fund

Louisiana Statutes

§ 11:3509 — Investment of fund

Louisiana·Title 11 Consolidated Public Retirement Systems

§3509. Investment of fund

A.Except as provided in Subsection B of this Section, the board may invest the permanent fund or any portion thereof in the name of the "Board of Trustees of the Police Pension and Relief Fund" in interest-bearing bonds or securities issued or backed by the United States, the state of Louisiana, or the municipality in which the board is located or in certificates of deposit in banks of the United States or the state of Louisiana. All securities shall be deposited with the treasurer, subject to the orders of the board.

B.The board of trustees of the police pension and relief fund for the city of Bossier City may invest the permanent fund or any portion thereof in the name of the "Board of Trustees of the Police Pension and Relief Fund" as provided in R.S. 33:2955

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§3509. Investment of fund
A. Except as provided in Subsection B of this Section, the board may invest the
permanent fund or any portion thereof in the name of the "Board of Trustees of the Police
Pension and Relief Fund" in interest-bearing bonds or securities issued or backed by the
United States, the state of Louisiana, or the municipality in which the board is located or in
certificates of deposit in banks of the United States or the state of Louisiana. All securities
shall be deposited with the treasurer, subject to the orders of the board.
B. The board of trustees of the police pension and relief fund for the city of Bossier
City may invest the permanent fund or any portion thereof in the name of the "Board of
Trustees of the Police Pension and Relief Fund" as provided in R.S. 33:2955.

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Legislative History

Amended by Acts 1970, No. 638, §1; Acts 1985, No. 90, §1; Redesignated from R.S. 33:2229 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2019, No. 22, §1, eff. June 30, 2019.