Loading chat...
NJ A181
Bill
Status
1/9/2024
Primary Sponsor
Dawn Fantasia
Click for details
AI Summary
-
Cemetery companies established before December 1, 1971 would be required to maintain a minimum of $37,500 in their Maintenance and Preservation Fund
-
Any funds exceeding the $37,500 minimum must be applied toward maintenance and preservation of the cemetery
-
Cemetery companies established after December 1, 1971 are already required to make an initial deposit of $75,000 to their Maintenance and Preservation Fund under existing law
-
Current law requires pre-1971 cemeteries to transfer maintenance funds but does not specify a minimum amount they must retain
Legislative Description
Establishes minimum dollar amount required in Maintenance and Preservation Funds of cemetery companies established before December 1, 1971.
Regulated Professions
Last Action
Introduced, Referred to Assembly Regulated Professions Committee
1/9/2024