2015 Louisiana Laws
Revised Statutes
TITLE 11 - Consolidated Public Retirement
RS 11:951.33 - Cash deposits for payment of pensions, etc., limitations as to amount
§951.33. Cash deposits for payment of pensions, etc., limitations as to amount
Available cash, not exceeding ten per centum of the total amount in the several accounts of the retirement system, may be kept on deposit in one or more banks or trust companies organized under the laws of the United States or the State of Louisiana and located in the City of New Orleans, for the purpose of meeting disbursements for pensions, annuities, and other payments.
Redesignated from R.S. 17:1053 pursuant to R.S. 24:253.
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