Louisiana Revised Statutes Tit. 39, § 100.136. Unfunded Accrued Liability Fund

A. There is hereby established in the state treasury a special fund to be known as the “Unfunded Accrued Liability Fund”, hereinafter referred to as “fund”. The source of monies for the fund shall be those state revenues deposited into the fund pursuant to the requirements of R.S. 47:6351. Monies in the fund shall be invested in the same manner as those in the state general fund. Monies remaining in the fund at the end of the fiscal year shall remain in the fund.

B. Monies in the fund shall be available for appropriation exclusively for payments against the unfunded accrued liability of the public retirement systems which are in addition to any payments required for the annual amortization of the unfunded accrued liability of the public retirement systems, as required by Article X, Section 29(E)(2)(c) of the Constitution of Louisiana; however, any such payments to the public retirement systems shall not be used, directly or indirectly, to fund cost-of-living increases for such systems.

C. Appropriations from the UAL Account shall be exclusively for additional payments against the unfunded accrued liability of the public retirement systems as provided in Subsection B of this Section.