Louisiana § 11:3689 Management of funds

Louisiana Statutes

§ 11:3689 — Management of funds

Louisiana § 11:3689

Title 11Consolidated Public Retirement Systems

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Bluebook

La. Stat. Ann. § 11:3689 (2026).

Text

§3689. Management of funds

A.The Board of Trustees shall have full power to invest and reinvest such funds, subject to the prudent-man rule limitations regarding investments set forth in Subtitle I, Chapter 4, Part II, Subpart I of this Title and shall have full power to hold, purchase, sell, assign, transfer, and dispose of any of the securities and investments in which any of the funds created herein shall have been invested, as well as the proceeds of said investments and any monies belonging to said funds. B-E. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015.

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§3689. Management of funds
A. The Board of Trustees shall have full power to invest and reinvest such funds,
subject to the prudent-man rule limitations regarding investments set forth in Subtitle I,
Chapter 4, Part II, Subpart I of this Title and shall have full power to hold, purchase, sell,
assign, transfer, and dispose of any of the securities and investments in which any of the
funds created herein shall have been invested, as well as the proceeds of said investments and
any monies belonging to said funds.
B-E. Repealed by Acts 2014, No. 648, §3, eff. July 1, 2015.

Legislative History

Acts 1971, No. 80, §9, designated by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2003, No. 1255, §1, eff. July 7, 2003; Acts 2004, No. 621, §1, eff. July 5, 2004; Acts 2014, No. 648, §3, eff. July 1, 2015.