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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