Terms Used In Louisiana Revised Statutes 11:3663

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

The pension system of the police department in effect prior to 12 o’clock noon, July 28, 1948, shall be carried over into the administration of the board created under this Subpart.  The board shall assume the obligation of all pensions or other compensation due and payable to members of the police department under pension laws existing prior to that date.  All widows, children under the age of sixteen, or widowed mothers referred to in La. Rev. Stat. 11:3645 who are receiving benefits under laws existing prior to that date shall, from that date, be entitled to the benefits provided in La. Rev. Stat. 11:3645.

Added by Acts 1948, No. 96, §§5, 17; Redesignated from La. Rev. Stat. 33:2304 by Acts 1991, No. 74, §3, eff. June 25, 1991.