AB 764, as introduced, Linder. Cemeteries.
Existing law, the Cemetery Act, establishes the Cemetery and Funeral Bureau within the Department of Consumer Affairs and sets forth its powers and duties, including, but not limited to, licensing and regulating cemetery managers, salespersons, and brokers. Existing law requires the bureau to examine the endowment care funds of cemetery authorities, as specified.
This bill would make technical, nonsubstantive changes to a provision of the Cemetery Act related to endowment care funds.
Vote: majority. Appropriation: no. Fiscal committee: no. State-mandated local program: no.
The people of the State of California do enact as follows:
Section 9656 of the Business and Professions
2Code is amended to read:
begin deleteWhenever end deletebegin insertIf end insertthe bureau finds, after notice and hearing,
4that any endowment care funds have been invested in violation of
5thebegin insert provisions of theend insert Health and Safety Code,begin delete itend deletebegin insert the bureauend insert shall
6by written order mailed to the person or body in charge of the fund
7require the reinvestment of the funds in conformity to that code
P2 1within a
periodbegin delete whichend deletebegin insert
thatend insert shall be not less than two years if the
2investment was made prior to October 1, 1949, not less than six
3months if the investment was made on or after October 1, 1949,
4and before the effective date of the amendment of this section by
5the 1969 Regular Session of the Legislature, and not less than 30
6days if the investment is made on or after the effective date of the
7amendment. The period may be extended by the bureau in its
8discretion.
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