2011 Louisiana Laws
Revised Statutes
TITLE 39 — Public finance
RS 39:100.113 — Creation of trust fund

LA Rev Stat § 39:100.113 What's This?

§100.113. Creation of Trust Fund

A. There shall be established in the state treasury as a special permanent trust the Post Employment Benefits Trust Fund, hereinafter referred to as "the Trust Fund".

B. Assets of the Trust Fund are dedicated to providing benefits to or for employees retired from agencies, departments, boards, and commissions of the state and the dependents of such retired employees eligible to participate in the office of group benefits programs established pursuant to the provisions of Chapter 12 of Title 42 of the Louisiana Revised Statutes of 1950.

C. Monies deposited in the Trust Fund shall be irrevocable and the assets of the Trust Fund shall not be expended, disbursed, loaned, transferred or used for any purpose other than those specified in R.S. 39:100.116. The legislature shall have no authority or power to appropriate the assets of the Trust Fund.

Acts 2008, No. 910, §1, eff. July 1, 2008.

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