The interest received from any such investment after the fund has reached the sum of five hundred thousand dollars, shall be applicable to the payment of pensions and relief under this Part.
La. R.S. 11:3371
Interest from investments available to pay benefits
Known as the City of Alexandria Employees' Retirement Law
The act spans §§ 11–11 (272 sections).
Amended by Acts 1969, No. 120, §1; Redesignated from R.S. 33:2108 by Acts 1991, No. 74, §3, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.