SLS 18RS-1201 ORIGINAL
2018 Regular Session
SENATE BILL NO. 513
BY SENATOR WHITE
FLOODS/FLOODING. Prohibits the Amite River Basin Drainage and Water Conservation
District from establishing a trust to provide health benefits to its retired employees. (8/1/18)
1 AN ACT
2 To enact R.S. 38:3307(E), relative to the Amite River Basin Drainage and Water
3 Conservation District; to prohibit the establishment of a trust to provide retiree health
4 benefits; and to provide for related matters.
5 Be it enacted by the Legislature of Louisiana:
6 Section 1. R.S. 38:3307(E) is hereby enacted to read as follows:
7 ยง3307. Corporate status and powers of board; domicile; evidence of acts and
8 proceedings; deposit of funds; warrants
9 * * *
10 E. The board shall not establish a trust under Section 115 of the Internal
11 Revenue Code or a voluntary employee beneficiary trust under Section
12 501(c)(9) of the Internal Revenue Code to provide health benefits to its retired
13 employees.
Page 1 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions. SB NO. 513
SLS 18RS-1201 ORIGINAL
The original instrument and the following digest, which constitutes no part
of the legislative instrument, were prepared by Cheryl Cooper.
DIGEST
SB 513 Original 2018 Regular Session White
Present law provides for the corporate status and powers of the board of commissioners for
the Amite River Basin Drainage and Water Conservation District.
Proposed law retains present law and prohibits the board from establishing a trust under
Section 115 of the Internal Revenue Code or a voluntary employee beneficiary trust under
Section 501(c)(9) of the Internal Revenue Code to provide health benefits to its retired
employees.
Effective August 1, 2018.
(Adds R.S. 38:3307(E))
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.