SB 503, as introduced, Galgiani. 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 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 shallbegin insert,end insert
6 by written order mailed to the
person or body in charge of the fundbegin insert,end insert
7 require the reinvestment of the funds in conformity to that code
8within a periodbegin delete whichend deletebegin insert
thatend insert shall be not less than two years if the
9investment was made prior to October 1, 1949, not less than six
P2 1months if the investment was made on or after October 1, 1949,
2and before the effective date of the amendment of this section by
3the 1969 Regular Session of the Legislature, and not less than 30
4days if the investment is made on or after the effective date of the
5amendment. The period may be extended by the bureau in its
6discretion.
O
99