BILL NUMBER: SB 503	INTRODUCED
	BILL TEXT


INTRODUCED BY   Senator Galgiani

                        FEBRUARY 21, 2013

   An act to amend Section 9656 of the Business and Professions Code,
relating to cemeteries.


	LEGISLATIVE COUNSEL'S DIGEST


   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 1.  Section 9656 of the Business and Professions Code is
amended to read:
   9656.   Whenever   If  the bureau finds,
after notice and hearing, that any endowment care funds have been
invested in violation of the  provisions of the  Health and
Safety Code,  it   the bureau  shall  ,
 by written order mailed to the person or body in charge of the
fund  ,  require the reinvestment of the funds in
conformity to that code within a period  which  
that  shall be not less than two years if the investment was
made prior to October 1, 1949, not less than six months if the
investment was made on or after October 1, 1949, and before the
effective date of the amendment of this section by the 1969 Regular
Session of the Legislature, and not less than 30 days if the
investment is made on or after the effective date of the amendment.
The period may be extended by the bureau in its discretion.