---
urn: urn:us-la:rs:11:517
citation: "R.S. 11:517"
status: active
breadcrumb: "Title 11 › Subtitle II › Chapter 1 › Part V"
acts_citations:
  - { year: 1984, number: 867, section: 2, effective_date: null, role: enactment }
  - { year: 1991, number: 863, section: 1, effective_date: null, role: amendment }
---

# Investments

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.