RÉSUMÉ DIGEST
ACT 22 (SB 1) 2019 Regular Session Peacock
Prior law provided for policemen's pension and relief funds in municipalities with population
between 7,500 and 250,000. Provided that the policemen's pension and relief funds' boards
of trustees may invest the permanent fund in interest-bearing bonds or securities issued or
backed by the United States, the state, or the municipality in which the board is located or
in certificates of deposit in banks of the United States and/or the state.
Prior law (R.S. 33:2955) provided for the investments of political subdivisions of the state.
New law retains prior law and provides that the Bossier City Policemen's Pension and Relief
Fund board of trustees may invest the permanent fund according to the provisions of prior
law applicable to the investments of political subdivisions of the state.
Effective June 30, 2019.
(Amends R.S. 11:3509)