Iowa General Assembly Banner


Text: SF00193                           Text: SF00195
Text: SF00100 - SF00199                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Senate File 194

Partial Bill History

Bill Text

PAG LIN
  1  1    Section 1.  Section 566A.3, unnumbered paragraph 1, Code
  1  2 1995, is amended to read as follows:
  1  3    Any such organization subject to the provisions of this
  1  4 chapter which is organized or commences business in the state
  1  5 of Iowa after July 4, 1953 and desires to operate as a
  1  6 perpetual care cemetery shall, before selling or disposing of
  1  7 any interment space or lots, establish a minimum perpetual
  1  8 care and maintenance guarantee fund of twenty-five thousand
  1  9 dollars in cash.  The perpetual care and maintenance guarantee
  1 10 fund shall be permanently set aside in trust to be
  1 11 administered under the jurisdiction of the district court of
  1 12 the county wherein the cemetery is located.  The district
  1 13 court so having jurisdiction shall have full jurisdiction over
  1 14 the approval of trustees, reports and accounting of trustees,
  1 15 amount of surety bond required, and investment of funds.  Only
  1 16 the income from such fund, or any amount from such fund so
  1 17 long as the balance remaining in the fund exceeds one hundred
  1 18 thousand dollars, shall be used for the care and maintenance
  1 19 of the cemetery for which it was established.  
  1 20                           EXPLANATION
  1 21    This bill provides that a perpetual care cemetery can use a
  1 22 portion of the perpetual care and maintenance guarantee fund
  1 23 established by the cemetery for the care and maintenance of
  1 24 the cemetery so long as the balance remaining in the fund
  1 25 exceeds $100,000.  Currently, a perpetual care cemetery can
  1 26 use only the income from the fund for the care and maintenance
  1 27 of the cemetery.  
  1 28 LSB 1979SS 76
  1 29 ec/cf/24
     

Text: SF00193                           Text: SF00195
Text: SF00100 - SF00199                 Text: SF Index
Bills and Amendments: General Index     Bill History: General Index

Return To Home Iowa General Assembly

index Search: Senate Bills and Amendments (76th General Assembly)

© 1996 Cornell College and League of Women Voters of Iowa


Comments? webmaster@legis.iowa.gov.

Last update: Mon Mar 4 09:39:45 CST 1996
URL: /DOCS/GA/76GA/Legislation/SF/00100/SF00194/950223.html
jhf