Louisiana § RS 11:3509 - Investment of fund
Full text of Louisiana Louisiana Civil Code § RS 11:3509 — Investment of fund, with citation guidance and answers to common questions.
§ RS 11:3509. Investment of fund
A. Except as provided in Subsection B of this Section, the board may invest the permanent fund or any portion thereof in the name of the "Board of Trustees of the Police Pension and Relief Fund" in interest-bearing bonds or securities issued or backed by the United States, the state of Louisiana, or the municipality in which the board is located or in certificates of deposit in banks of the United States or the state of Louisiana. All securities shall be deposited with the treasurer, subject to the orders of the board.
B. The board of trustees of the police pension and relief fund for the city of Bossier City may invest the permanent fund or any portion thereof in the name of the "Board of Trustees of the Police Pension and Relief Fund" as provided in R.S. 33:2955.
Amended by Acts 1970, No. 638, §1; Acts 1985, No. 90, §1; Redesignated from R.S. 33:2229 by Acts 1991, No. 74, §3, eff. June 25, 1991; Acts 2019, No. 22, §1, eff. June 30, 2019.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 11:3509
What does Louisiana Civil Code § RS 11:3509 cover?
Section RS 11:3509 ("Investment of fund") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Louisiana § RS 11:3509?
A common citation format is "Louisiana Civil Code § RS 11:3509" (Louisiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 11:3509 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Louisiana.