Louisiana § 36:769 Transfer of boards, commissions, departments, and agencies to Department of the

Louisiana Statutes

§ 36:769 — Transfer of boards, commissions, departments, and agencies to Department of the

Louisiana·Title 36 Organization of the Executive Branch of State Government

§769. Transfer of boards, commissions, departments, and agencies to Department of the Treasury A. For purposes of this Chapter, references in Chapters 22 and 24 of this Title to the "secretary" shall refer to the state treasurer, references to the "undersecretary" shall refer to the deputy state treasurer for management and finance, and references to an "assistant secretary" shall refer to an assistant state treasurer. B. The following agencies are transferred to and hereafter shall be within the Department of the Treasury, as provided in R.S. 36:802:

(1)State Bond Commission, including the powers, duties, functions, and responsibilities of any agencies which have been previously transferred to the State Bond Commission (Article VII, Section 8 of the Constitution of Louisiana; Chapter 11

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§769. Transfer of boards, commissions, departments, and agencies to Department of the
Treasury
A. For purposes of this Chapter, references in Chapters 22 and 24 of this Title to the
"secretary" shall refer to the state treasurer, references to the "undersecretary" shall refer to
the deputy state treasurer for management and finance, and references to an "assistant
secretary" shall refer to an assistant state treasurer.
B. The following agencies are transferred to and hereafter shall be within the
Department of the Treasury, as provided in R.S. 36:802:
(1) State Bond Commission, including the powers, duties, functions, and
responsibilities of any agencies which have been previously transferred to the State Bond
Commission (Article VII, Section 8 of the Constitution of Louisiana; Chapter 11 of Subtitle
III of Title 39 of the Louisiana Revised Statutes of 1950 and other provisions of the
Louisiana Revised Statutes of 1950 that apply to the commission.).
(2) Interim Emergency Board (Article VII, Section 7 of the Constitution of
Louisiana; R.S. 39:461 et seq.).
(3) State Medical Disability Board (R.S. 11:219 and other provisions of Title 11 of
the Louisiana Revised Statutes of 1950 that apply to the board).
C.(1) The following agencies, and the boards of each, except the Board of
Supervisors of Louisiana State University and Agricultural and Mechanical College, are
transferred to and shall be within the Department of the Treasury in accordance with the
provisions of R.S. 36:801 and Paragraph (2) of this Subsection:
(a) Louisiana State Employees' Retirement System (R.S. 11:401 et seq.).
(b) Louisiana State Police Retirement System (R.S. 11:1301 et seq.).
(c) Louisiana School Employees' Retirement System (R.S. 11:1001 et seq.).
(d) Teachers' Retirement System of Louisiana (R.S. 11:701 et seq.).
(2)(a) Each agency placed within the Department of the Treasury by the provisions
of this Subsection shall employ its own executive director and assistant director, if such
positions are authorized by any other applicable law, independently of the treasurer, and may
employ, appoint, remove, and assign such other personnel as otherwise authorized by law
and as necessary to carry out its functions or duties.
(b) The assets of each system shall be held in trust by the fiduciaries who are named
to the system's governing board in accordance with the election or appointment procedure
outlined in the Louisiana Revised Statutes of 1950 pertinent to that system. Such fiduciaries
shall have exclusive authority and discretion to manage and control the assets of the system.
The assets of each system shall be held for the exclusive purpose of providing benefits to
members of the system and their beneficiaries and defraying reasonable expenses of
administering the system.
D. The State Bond and Tax Board is hereby abolished and its powers, duties,
functions, and responsibilities are transferred and shall be exercised and performed within
the Department of the Treasury to the extent and in the manner as otherwise provided by law.
E. The Louisiana Deferred Compensation Commission (R.S. 42:1301 et seq.) is
placed within the Department of Treasury and shall exercise and perform its powers, duties,
functions, and responsibilities in the manner provided for agencies transferred in accordance
with the provisions of R.S. 36:801.1.

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Legislative History

Acts 1977, No. 83, §1, eff. June 22, 1977; Acts 1978, No. 766, §1; Acts 1978, No. 788, §2; Acts 1979, No. 434, §3; Acts 1979, No. 745, §2, eff. July 20, 1979; Acts 1981, No. 873, §1, eff. Sept. 11, 1981; Acts 1982, No. 1, §2, eff. May 6, 1982; Acts 1988, 1st Ex. Sess., No. 1, §2, eff. Mar. 28, 1988; Acts 1989, No. 310, §1; Acts 1989, No. 662, §§4, 8, eff. July 7, 1989; Acts 1990, No. 217, §1; Acts 1991, No. 645, §2, eff. July 1, 1991; Acts 1998, 1st Ex. Sess., No. 150, §3, eff. July 1, 1998; Acts 2010, No. 743, §15B, eff. July 1, 2010; Acts 2010, No. 861, §17; Acts 2011, No. 408, §3, eff. June 30, 2012; Acts 2012, No. 251, §2; Acts 2012, No. 811, §§11, 17, eff. July 1, 2012; Acts 2015, No. 431, §1; Acts 2018, No. 399, §2, eff. June 30, 2018; Acts 2019, No. 434, §5(A), eff. June 30, 2019; Acts 2022, No. 623, §4, eff. July 1, 2022.