Pope (HB 61) Act No. 146
Prior law required the sheriff of Livingston Parish to invest not less than 25% in fixed-
income investments from the monies in the Livingston Parish Retired Employees' Insurance
Fund (LREIF), provided that the average credit quality of the fixed-income portion was rated
investment grade.
New law retains prior law except that it deletes the requirement that the average credit
quality of the fixed-income portion is rated investment grade.
Prior law required that the sheriff establish an investment advisory board to provide
recommendations concerning the investment of funds to consist of the following seven
members:
(1)The comptroller of the sheriff's department.
(2)Five retired sheriffs or retired deputy sheriff of the department, elected by other
retired sheriffs and retired deputy sheriffs of the department.
(3)One active deputy sheriff of the department elected by the other active deputy sheriffs
of the department.
New law retains prior law except that it changes one board member from the comptroller of
the sheriff department to a representative appointed by the sheriff.
Effective Aug. 1, 2014.
(Amends R.S. 13:5554.2(C)(2) and (G)(1)(a))