Current with changes from the 2024 legislative session effective on or before 7/1/2024, from Acts 2,3, 6-535, and 580-647
Section 49:329 - Nominee name for the Louisiana Education Quality Trust Fund, also known as the Kevin P. Reilly, Sr. Louisiana Education Quality Trust FundA. The state treasurer may invest available funds and hold, purchase, sell, assign, transfer, and dispose of any of the securities of the Louisiana Education Quality Trust Fund, also known as the Kevin P. Reilly, Sr. Louisiana Education Quality Trust Fund, in its nominee name, "LEQTF & Co.".B. The treasurer shall submit to the governor and the legislature a report on all investments made under this Section. The report shall be due on the fifteenth day after the end of each quarter and shall cover all investment activity for the previous quarter. The information in the report shall include: (1) The method by which the fees paid to these persons or companies is calculated.(2) The total amount of funds invested under this Section for the month.(3) The rate of investment earnings shown as a percentage of the amount of the investment.(4) The comparable rate of investment earnings for:(a) U.S. Treasury two-year notes.(b) U.S. Treasury thirty-day bills.Acts 1990, No. 802, §1; Acts 2013, No. 56, §4, eff. May 29, 2013.Amended by Acts 2013, No. 56,s. 4, eff. 5/29/2013.