MS HB381

Requires any new perpetual care cemetery organized on or after July 1, 2020, to meet minimum acreage requirements based on county population: 40 acres in counties with populations over 140,000; 30 acres in counties with populations between 75,000 and 140,000; and 20 acres in counties with populations under 75,000.

Increases the initial cash deposit required into an irrevocable perpetual care trust fund from $25,000 to $50,000 for cemeteries, mausoleums, or columbariums organized on or after July 1, 2020.

Allows cemeteries to recover the initial $50,000 deposit once the perpetual care fund reaches $100,000 through regular sales contributions.

Maintains existing perpetual care requirements for cemeteries organized between July 1, 2009, and July 1, 2020, including the $25,000 initial deposit.

Takes effect July 1, 2020.