RS 11:3505 Management of fund; salary deductions; authority of board; meetings - Louisiana Statutes

§3505.  Management of fund; salary deductions; authority of board; meetings

A.  The board shall have charge of the fund.  The board shall assess each member of the police department an amount not to exceed six percent of his salary and shall be deducted monthly.  This assessment is to be deposited by the treasurer of the fund in a depository chosen by the board and subject to the orders of the board.  

B.  The board shall make regulations for its government and hear and decide all applications for relief or pensions under this Subpart; its decision on applications shall be final and conclusive and not subject to review or reversal except by the board.  The board shall keep a record of all its meetings and proceedings.  The board shall meet at least once every three months and when called by the president or secretary.  

Amended by Acts 1954, No. 460, §1; Acts 1962, No. 236, §1; Acts 1976, No. 607, §1; Acts 1981, No. 320, §1; Redesignated from R.S. 33:2225(A)(1) and (B) by Acts 1991, No. 74, §3, eff. June 25, 1991.