ENROLLED
Page 1 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
ACT No. 146
Regular Session, 2014
HOUSE BILL NO. 61
BY REPRESENTATIVE POPE
AN ACT1
To amend and reenact R.S. 13:5554.2(C)(2) and (G)(1)(a), relative to the Livingston Parish2
Retired Employees' Insurance Fund; to provide relative to the administration of the3
Livingston Parish Retired Employees' Insurance Fund; to provide for the investment4
of fund monies; to provide for members of the investment advisory board; and to5
provide for related matters.6
Be it enacted by the Legislature of Louisiana:7
Section 1. R.S. 13:5554.2(C)(2) and (G)(1)(a) are hereby amended and reenacted to8
read as follows:9
ยง5554.2. Livingston Parish; payment of group insurance premiums; retired sheriffs10
and deputy sheriffs; creation of fund11
* * *12
C. Upon recommendation of the board established in Subsection G of this13
Section, the sheriff of Livingston Parish shall invest the monies in LREIF as follows:14
* * *15
(2) At least twenty-five percent in fixed-income investments , provided that16
the average credit quality of the fixed-income portion is rated investment grade.17
* * *18 ENROLLEDHB NO. 61
Page 2 of 2
CODING: Words in struck through type are deletions from existing law; words underscored
are additions.
G.(1) To provide recommendations concerning the investment of funds as1
provided in Subsection C of this Section, the sheriff shall establish an investment2
advisory board consisting of seven members as follows:3
(a) The comptroller of the sheriff's department A representative to be4
appointed by the sheriff.5
* * *6
SPEAKER OF THE HOUSE OF REPRESENTATI VES
PRESIDENT OF THE SENATE
GOVERNOR OF THE STATE OF LOUISIANA
APPROVED: