---
urn: urn:us-la:rs:11:2002
citation: "R.S. 11:2002"
status: active
breadcrumb: "Title 11 › Subtitle II › Chapter 2 › Part VI"
acts_citations:
  - { year: 1979, number: 765, section: 1, effective_date: 1980-01-01, role: enactment }
---

# Board of trustees as custodian of funds

The board of trustees shall be the custodian of the several funds. All expense vouchers and pension payrolls shall be certified by the administrative director. The administrative director shall furnish the board of trustees a surety bond in a company authorized to do business in Louisiana and in such amount as shall be required by the board, the premium to be paid from the expense fund.