SENATE - Louisiana

50th DAY'S PROCEEDINGS
2. That the following amendments to the engrossed bill be adopted:
AMENDMENT NO. 1
On page 1, line 2, between "To" and "enact" insert "amend and
reenact R.S. 11:263(E) and R.S. 47:1907(A)(3) and to"
AMENDMENT NO. 2
On page 1, line 2, after "Fund;" and before "to" insert "to provide
relative to the prudent-man rule; to authorize participation in eligible
deferred compensation programs;"
AMENDMENT NO. 3
On page 1, line 9, after "Section 1." and before "R.S." insert "R.S.
11:263(E) is hereby amended and reenacted and"
AMENDMENT NO. 4
On page 1, between lines 9 and 10, insert the following:
"§263. Prudent-man rule; investments
* * *
E. (1) Notwithstanding the prudent-man rule, no governing
authority of any system or fund governed by this Subpart shall
invest more than fifty-five percent of the total portfolio in equities,
except as provided in Paragraph (2) of this Subsection or in R.S.
11:267.
(2) The governing authority of any system to which R.S.
11:267(A) is inapplicable may invest more than fifty-five percent of
the total portfolio in equities, so long as not more than sixty-five
percent of the total portfolio is invested in equities and at least ten
percent of the total equity portfolio is invested in one or more index
funds which seek to replicate the performance of the chosen index or
indices.
* * *"
AMENDMENT NO. 5
On page 1, between lines 15 and 16, insert the following:
"Section 2. R.S. 47:1907(A)(3) is hereby amended and reenacted
to read as follows:
§1907. Salaries
A.
* * *
(3) Nothing in this Section shall be construed to limit an
assessor from participation in an approved state deferred
compensation plan as specified in R.S. 42:1301 et seq. eligible
deferred compensation program established in accordance with
Section 457 of Title 26 of the Internal Revenue Code. An assessor
shall not authorize or receive an employer contribution that would be
more favorable than that offered to the employees of the assessor's
office.
* * *"
Representatives:
Pete Schneider
Joel Robideaux
Jean M. Doerge
Rules Suspended
Respectfully submitted,
Senators:
Lambert Boissiere, Jr.
Ken Hollis
Tom Schedler
Senator Boissiere asked for and obtained a suspension of the
rules for the purpose of considering the Conference Committee
Page 137 SENATE
June 21, 2004
Report. On motion of Senator Boissiere, a vote was taken on the
adoption of the report.
ROLL CALL
The roll was called with the following result:
YEAS
Mr. President Dupre Kostelka
Adley Ellington Lentini
Amedee Fields Malone
Bajoie Fontenot Marionneaux
Barham Gautreaux, B McPherson
Boasso Gautreaux, N Michot
Boissiere Heitmeier Mount
Cain Holden Nevers
Chaisson Hollis Romero
Cheek Irons Smith
Dardenne Jackson Theunissen
Duplessis Jones Ullo
Total—36
NAYS
Total—0
ABSENT
Cravins Hainkel Schedler
Total—3
The Chair declared the Conference Committee Report was
adopted. Senator Boissiere moved to reconsider the vote by which
the report was adopted and laid the motion on the table.
Messages from the House
The following Messages from the House were received and read
as follows:
Message from the House
CONCURRING IN
SENATE CONCURRENT RESOLUTIONS
June 21, 2004
To the Honorable President and Members of the Senate:
I am directed to inform your honorable body that the House of
Representatives has finally concurred in the following Senate
Concurrent Resolutions:
SENATE CONCURRENT RESOLUTION NO. 162—
BY SENATORS CAIN, DUPLESSIS AND MICHOT
A CONCURRENT RESOLUTION
To direct the Louisiana Tax Commission to extend the current
moratorium and to advise the assessors for the parishes of the
state that a moratorium has been instituted prohibiting the
revocation of homestead exemptions for persons who have
heretofore been granted the extension where such revocations
would be based upon Attorney General Opinions, which
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