{
  "urn": "urn:us-la:rs:11:265",
  "title_number": "11",
  "section_number": "265",
  "citation": "R.S. 11:265",
  "heading": "Compensation of investment advisors",
  "text": "Each board of trustees of the various public retirement systems, plans, or funds is hereby authorized, in requesting proposals for investment advisory services, to require that fees shall be quoted as a fixed fee, a fee based on market value of assets, or a performance fee.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "11",
      "name": "CONSOLIDATED PUBLIC RETIREMENT SYSTEMS"
    },
    {
      "level": "subtitle",
      "number": "I",
      "name": "GENERAL AND PRELIMINARY PROVISIONS"
    },
    {
      "level": "chapter",
      "number": "4",
      "name": "PROVISIONS AFFECTING MORE THAN ONE SYSTEM"
    },
    {
      "level": "part",
      "number": "II",
      "name": "GENERAL PROVISIONS"
    },
    {
      "level": "subpart",
      "number": "I",
      "name": "FIDUCIARY AND INVESTMENT RESPONSIBILITIES"
    }
  ],
  "breadcrumb": "Title 11 › Subtitle I › Chapter 4 › Part II › Subpart I",
  "acts_citations": [
    {
      "act_year": 1990,
      "act_number": 172,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    }
  ],
  "acts_citations_raw": "Acts 1990, No. 172, §1; Redesignated from R.S. 42:717.1 by Acts 1991, No. 74, §3, eff. June 25, 1991.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=75170",
  "website_law_id": 75170,
  "scrape_timestamp": "2026-05-22T21:48:18Z",
  "source_html_hash": "sha256:3d36886620cec58d510f58cc376ac6ee9a40bf30869b6c57b24a6ae0ca70abb4",
  "schema_version": "1.0.0"
}