{"data":{"id":"us-la/rs-11-3508","jurisdiction":"us-la","citation":"RS 11:3508","heading":"Property for benefit of fund; minimum fund required before disbursements can be made","body":"A. The board may receive property of any nature for the benefit of the fund.\nB. If the municipality has a population of over fifty thousand, the sum of fifty thousand dollars shall be retained as a permanent fund. No pension shall be paid or money drawn from the fund until the sum of fifteen thousand dollars, over and above the fifty thousand dollars held as a permanent fund is to the fund's credit.\nC. If the municipality has a population of over fifteen thousand, but not exceeding fifty thousand, the sum of fifteen thousand dollars shall be retained as a permanent fund. No pension shall be paid or money drawn from the fund until the sum of fifteen hundred dollars, above the fifteen thousand dollars held as a permanent fund, is to the fund's credit.\nD. If the municipality has a population of fifteen thousand, or less, the sum of seventy-five hundred dollars shall be retained as a permanent fund. No pension shall be paid or money drawn from the fund until the sum of one thousand dollars, above the seventy-five hundred dollars held as a permanent fund, is to the fund's credit.","path":["TITLE 11. CONSOLIDATED PUBLIC RETIREMENT"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=75466","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:45Z","sha256":"b846116f720b4d6ff7daf338be1abd45882240d764c9146d6b380fe00cee8c3c","source_id":"us-la","stale":false,"prev":"us-la/rs-11-3507","next":"us-la/rs-11-3509"},"notice":"GroundRules: Original legal text. Not legal advice."}