Legislation

Title: Office of Cemetery Oversight - Perpetual Care Trust Funds and Preneed Trust Accounts - Regulation
Sponsored by: Chair, Health and Government Operations Committee (By Request - Departmental - Labor, Licensing and Regulation)
Status: Approved by the Governor - Chapter 81
Analysis: Fiscal and Policy Note (Revised)

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.

Committees

Original:: Health and Government Operations Click to view Recorded Media

Opposite:: Finance Click to view Recorded Media

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2014

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 12/19/2013 Legislative Date 11/06/2013 Action Pre-filed Proceedings
Chamber House Calendar Date 12/19/2013 Legislative Date 1/08/2014 Action First Reading Health and Government Operations Proceedings
Chamber House Calendar Date 1/22/2014 Legislative Date 1/22/2014 Action Hearing 1/29 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/10/2014 Legislative Date 2/11/2014 Action Favorable with Amendments Report by Health and Government Operations Proceedings
Chamber House Calendar Date 2/13/2014 Legislative Date 2/13/2014 Action Favorable with Amendments {876880/1 Report Adopted Proceedings 27
Chamber House Calendar Date 2/13/2014 Legislative Date 2/13/2014 Action Special Order until 2/14 (Delegate O'Donnell) Adopted Proceedings 27
Chamber House Calendar Date 2/14/2014 Legislative Date 2/14/2014 Action Special Order until 2/18 (Delegate O'Donnell) Adopted Proceedings 28
Chamber House Calendar Date 2/18/2014 Legislative Date 2/18/2014 Action Second Reading Passed with Amendments Proceedings 30
Chamber House Calendar Date 2/20/2014 Legislative Date 2/20/2014 Action Third Reading Passed (133-0) Proceedings 32
Chamber Senate Calendar Date 2/21/2014 Legislative Date 2/21/2014 Action First Reading Finance Proceedings 31
Chamber Senate Calendar Date 3/11/2014 Legislative Date 3/11/2014 Action Hearing 3/25 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/27/2014 Legislative Date 3/28/2014 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/28/2014 Legislative Date 3/21/2014 Action Favorable Report Adopted Proceedings 55
Chamber Senate Calendar Date 3/28/2014 Legislative Date 3/21/2014 Action Second Reading Passed Proceedings 55
Chamber Senate Calendar Date 3/31/2014 Legislative Date 3/22/2014 Action Third Reading Passed (47-0) Proceedings 56
Chamber House Calendar Date 4/01/2014 Legislative Date 3/25/2014 Action Returned Passed Proceedings 61
Chamber Post Passage Calendar Date 4/08/2014 Legislative Date 4/08/2014 Action Approved by the Governor - Chapter 81 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	12/19/2013	11/06/2013	Pre-filed
House	12/19/2013	1/08/2014	First Reading Health and Government Operations
House	1/22/2014	1/22/2014	Hearing 1/29 at 1:00 p.m.
House	2/10/2014	2/11/2014	Favorable with Amendments Report by Health and Government Operations
House	2/13/2014	2/13/2014	Favorable with Amendments {876880/1 Report Adopted	27
House	2/13/2014	2/13/2014	Special Order until 2/14 (Delegate O'Donnell) Adopted	27
House	2/14/2014	2/14/2014	Special Order until 2/18 (Delegate O'Donnell) Adopted	28
House	2/18/2014	2/18/2014	Second Reading Passed with Amendments	30
House	2/20/2014	2/20/2014	Third Reading Passed (133-0)	32
Senate	2/21/2014	2/21/2014	First Reading Finance	31
Senate	3/11/2014	3/11/2014	Hearing 3/25 at 1:00 p.m.
Senate	3/27/2014	3/28/2014	Favorable Report by Finance
Senate	3/28/2014	3/21/2014	Favorable Report Adopted	55
Senate	3/28/2014	3/21/2014	Second Reading Passed	55
Senate	3/31/2014	3/22/2014	Third Reading Passed (47-0)	56
House	4/01/2014	3/25/2014	Returned Passed	61
Post Passage	4/08/2014	4/08/2014	Approved by the Governor - Chapter 81

Documents

Date Posted	Document Name
2/13/2014	Amendments House - (Health and Government Operations) {876880/01 Adopted
12/19/2013	Text - First - Office of Cemetery Oversight - Perpetual Care Trust Funds and Preneed Trust Accounts - Regulation
2/18/2014	Text - Third - Office of Cemetery Oversight - Perpetual Care Trust Funds and Preneed Trust Accounts - Regulation
4/15/2014	Text - Chapter - Office of Cemetery Oversight - Perpetual Care Trust Funds and Preneed Trust Accounts - Regulation
2/11/2014	Vote - House - Committee - Health and Government Operations
3/28/2014	Vote - Senate - Committee - Finance
2/20/2014	Vote - House Floor - Third Reading Passed (133-0) - 02/20/14
3/22/2014	Vote - Senate Floor - Third Reading Passed (47-0) - 03/22/14

File Code

Subjects

Statutes