Text: SF02190 Text: SF02192 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. Section 566.15, unnumbered paragraph 1, Code
1 2 l997, is amended to read as follows:
1 3 The board of supervisors, mayor and council, or other
1 4 elected governmental body, as the case may be, has the
1 5 authority to receive and invest all moneys and property,
1 6 donated or bequeathed, and that portion of cemetery lot sales
1 7 and permanent charges made against cemetery lots which have
1 8 been set aside in a perpetual care fund, in investments for
1 9 which they have exercised the judgment and care, under the
1 10 circumstances then prevailing, which persons of prudence,
1 11 discretion, and intelligence exercise in the management of
1 12 their affairs. The income from the investment shall be used
1 13 in caring for the property of the donor in any cemetery, or as
1 14 shall be provided in the terms of the gift or donations or
1 15 agreement for sale and purchase of a cemetery lot. For a
1 16 city-owned cemetery, the perpetual care fund shall have a
1 17 minimum balance of fifty thousand dollars. When the minimum
1 18 balance is achieved, a city may use the proceeds from the
1 19 sales of cemetery lots for the operation and maintenance of
1 20 the cemetery.
1 21 EXPLANATION
1 22 This bill provides that a city shall maintain a $50,000
1 23 minimum balance in a perpetual care fund for each city-owned
1 24 cemetery. When the minimum balance is achieved, a city may
1 25 use the proceeds from the sales of cemetery lots for the
1 26 operation and maintenance of the cemetery.
1 27 LSB 3986XS 77
1 28 tj/cf/24
Text: SF02190 Text: SF02192 Text: SF02100 - SF02199 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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