RS 11:853
The retirement system may keep some cash on hand for pension and other payments, but only up to 10% of its funds, and the money must be deposited in qualifying Louisiana or U.S. banks or trust companies with a 25% per-bank cap.
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- Jurisdiction
- United States — Louisiana
- Instrument
- Act or statute
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- Undated source snapshot
- Language
- en
- Official source
- View official record ↗
bank deposits cash management investment limits
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RS 11:853
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