Louisiana § RS 11:951.54 - Surplus and contingency account; description of and amounts credited to account
Full text of Louisiana Louisiana Civil Code § RS 11:951.54 — Surplus and contingency account; description of and amounts credited to account, with citation guidance and answers to common questions.
§ RS 11:951.54. Surplus and contingency account; description of and amounts credited to account
A. The surplus and contingency account is the account to which shall be credited, after each actuarial valuation, all surpluses in the annuity savings account, the annuity reserve account, the pension accumulation account, the pension reserve account, and all annual surpluses in the expense fund account.
B. After the accrued liability of the retirement system has been extinguished there shall be paid annually into the surplus and contingency account from the contributions of the Orleans Parish School Board the difference between the normal contribution and the total contribution.
C. Any donation made absolute shall be credited to this account.
D. From the surplus and contingency account may be transferred any monies necessary to offset a deficit that may develop in any other account.
Redesignated from R.S. 17:1084 pursuant to R.S. 24:253.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 11:951.54
What does Louisiana Civil Code § RS 11:951.54 cover?
Section RS 11:951.54 ("Surplus and contingency account; description of and amounts credited to account") 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 11:951.54?
A common citation format is "Louisiana Civil Code § RS 11:951.54" (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 11:951.54 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.