Senate Bill No. by Senator Price amends and reenacts specific provisions of the Louisiana Revised Statutes related to the reporting requirements for state and statewide retirement systems. The bill mandates that these systems submit quarterly reports detailing the amount of funds invested, a list of each investment, annual returns, and associated fees, which must be submitted electronically within thirty days after the end of each quarter. Additionally, it requires the submission of annual reports by October 1st each year, which must include information on investment returns, administrative expenses, target asset allocation, and actual asset allocation.

The bill also repeals several existing reporting requirements, including those related to investments in Louisiana-based broker-dealers, as well as reports concerning corporate governance strategies for companies operating in prohibited nations. These changes aim to streamline the reporting process and eliminate outdated or redundant requirements. The provisions of the bill will take effect on June 30, 2026.

Statutes affected:
SB15 Original: 11:263(G), 11:312(D), 11:1(E), 11:312(C), 11:315(D)