---
urn: urn:us-la:rs:9:3502
citation: "R.S. 9:3502"
status: active
breadcrumb: "Title 9 › Code Preliminary Title › Code Book III › Code Title XII › Chapter 1 › Part I"
acts_citations:
  - { year: 1969, number: 28, section: 1, effective_date: null, role: enactment }
---

# Statement of policy

It is declared to be the public policy of this state to encourage the free flow of money into Louisiana; to allow this state to compete in the national money market; to promote and stimulate residential construction and to allow those retirement systems who desire it to continue to invest in first mortgage loans.