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Louisiana Revised Statutes Tit. 11, § 3177. Fiscal affairs of the fund; investment

Current as of January 01, 2023 | Updated by Findlaw Staff

All moneys belonging to the pension fund shall be deposited in banks as received. It shall be drawn therefrom by checks of the treasurer, countersigned by the president of the board, and based on warrants therefor drawn on the treasurer by the secretary. The board shall invest surplus funds in savings accounts in banks insured by the Federal Deposit Insurance Corporation; or in federal, State of Louisiana, Washington Parish, or City of Bogalusa bonds; and the treasurer shall deposit same in a safe depository.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 11, § 3177. Fiscal affairs of the fund; investment - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-11-sect-3177/

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