{
  "urn": "urn:us-la:rs:11:517",
  "title_number": "11",
  "section_number": "517",
  "citation": "R.S. 11:517",
  "heading": "Investments",
  "text": "The board may invest available funds and may hold, purchase, sell, assign, transfer, and dispose of any of the securities of the system, in the name of the system or a nominee name, provided the action is taken in compliance with the rules and regulations established by the board and in accordance with the provisions of R.S. 11:263.",
  "status": "active",
  "hierarchy_path": [
    {
      "level": "title",
      "number": "11",
      "name": "CONSOLIDATED PUBLIC RETIREMENT SYSTEMS"
    },
    {
      "level": "subtitle",
      "number": "II",
      "name": "STATE SYSTEMS"
    },
    {
      "level": "chapter",
      "number": "1",
      "name": "LOUISIANA STATE EMPLOYEES' RETIREMENT SYSTEM"
    },
    {
      "level": "part",
      "number": "V",
      "name": "BOARD OF TRUSTEES"
    }
  ],
  "breadcrumb": "Title 11 › Subtitle II › Chapter 1 › Part V",
  "acts_citations": [
    {
      "act_year": 1984,
      "act_number": 867,
      "section": 2,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "enactment"
    },
    {
      "act_year": 1991,
      "act_number": 863,
      "section": 1,
      "effective_date": null,
      "effective_date_raw": null,
      "role": "amendment"
    }
  ],
  "acts_citations_raw": "Acts 1984, No. 867, §2; Acts 1991, No. 863, §1; Redesignated from R.S. 42:647 by Acts 1991, No. 74, §3, eff. June 25, 1991.",
  "source_url": "https://legis.la.gov/legis/Law.aspx?d=75744",
  "website_law_id": 75744,
  "scrape_timestamp": "2026-05-22T21:48:18Z",
  "source_html_hash": "sha256:496875b44d688ea721f9cdb27ba81f5c989efe6eeb7d5e777174c1b821a1aef0",
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