RS 11:3718 Property for benefit of fund; minimum fund required before disbursements can be made - Louisiana Statutes

§3718.  Property for benefit of fund; minimum fund required before disbursements can be made

A.  The board may receive property of any nature for the benefit of the fund.  

B.  The sum of fifty thousand dollars shall be retained as a permanent fund.  No pension shall be paid or money drawn from the fund until the sum of fifteen thousand dollars, over and above the fifty thousand dollars held as a permanent fund is to the fund's credit.  

Acts 1968, No. 641, §2; Redesignated from R.S. 33:2358 by Acts 1991, No. 74, §3, eff. June 25, 1991.