La. Stat. tit. 46 § 504
Current with changes from the 2024 Legislative Session
The governing authority of the parish or city councils of the cities may draw from its treasury the sum to invest it for the account of the "alms fund", in interest bearing bonds of the United States, of the State of Louisiana, and of the bonds paving certificates or approved obligations of the parish or cities having control of the funds.
La. R.S. § 46:504