House Bill No. by Representative Bacala proposes the establishment of the Ascension Parish Clerk of Court Retired Employees Insurance Fund (APCOCREIF) to cover the premium costs for eligible retired clerks and deputy clerks. The bill allows the clerk of Ascension Parish to contribute to the fund at their discretion and mandates that the fund's investments include at least 25% in equities and 25% in fixed income investments, with a minimum of 75% of the fixed income portion rated as investment grade. Withdrawals from the fund for insurance costs or legal representation are permitted only after the fund reaches a principal and accumulated earnings total of $5 million, and if the fund falls below $4 million, any outstanding payments must be covered by the clerk's general fund.

Additionally, the bill establishes an investment advisory board to oversee the fund's investments, consisting of three members: the clerk or their designee, one retired clerk or deputy clerk, and one active deputy clerk. The board will elect a chairperson during its first meeting, which must occur within 30 days of member appointments. The legislation also requires that any financial audits of the clerk's office specifically assess compliance with the provisions of this new law. The effective date for this bill is set for August 1, 2026.