AB 1061, as introduced, Fox. 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
5the Health and Safety Code,begin delete itend deletebegin insert the bureauend insert shall by written order
6mailed to the person or body in charge of the fund require the
7reinvestment of the funds in conformity to that code within a period
P2 1begin delete whichend deletebegin insert
thatend insert shall be not less than two years if the investment was
2made prior to October 1, 1949, not less than six months if the
3investment was made on or after October 1, 1949, and before the
4effective date of the amendment of this section by the 1969 Regular
5Session of the Legislature, and not less than 30 days if the
6investment is made on or after the effective date of the amendment.
7The period may be extended by the bureau in its discretion.
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