HB0013 (CH0081)

Find a 2014 Bill:

2014 Regular Session



Office of Cemetery Oversight - Perpetual Care Trust Funds and Preneed Trust Accounts - Regulation

Sponsored by:

Chair, Health and Government Operations Committee


Approved by the Governor - Chapter 81

Synopsis:Clarifying that realized capital gains are not income of a perpetual care trust fund and shall be deposited in the trust fund as principal; providing that a specified restriction on the use of perpetual care trust funds to make loans or investments in the real property of a cemetery applies to the buildings and structures appurtenant to the property; clarifying that realized capital gains are income of a preneed trust account; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Chair, Health and Government Operations Committee (By Request - Departmental - Labor, Licensing and Regulation)
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): July 1, 2014
By Request of the Governor
Health and Government Operations   View Committee HearingFinance   View Committee Hearing
Broad Subject(s):Business Regulation and Occupations
Narrow Subject(s):Cemeteries
Consumer Protection -see also- Unfair Trade Practices
Contracts -see also- Land Installment Contracts; Procurement
Investments -see also- Securities
Loans -see also- Mortgages
Public Buildings and Facilities -see also- Stadiums; St Hse
Real Property
Estates and Trusts

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions

October 24, 2017 1:47 P.M.