191—101.6(523I) Cemeteries owned or operated by a governmental subdivision.
	101.6(1) Governmental subdivision deemed trustee. A governmental subdivision holding care fund amounts shall be deemed the trustee of the care fund for purposes of Iowa Code chapter 523I unless a care fund trust agreement provides otherwise.
	101.6(2) Governmental subdivision’s adoption of ordinance to create care fund. For purposes of Iowa Code section 523I.502, if a governmental subdivision adopts an ordinance or resolution as required by Iowa Code section 523I.502 with the language set forth on the division’s website, www.iid.iowa.gov, or alternate similar language approved in writing by the division, the division shall deem the action as creating a care fund trust agreement for a perpetual care cemetery.
[ARC 2810C, IAB 11/9/16, effective 12/14/16]