Loading chat...
NJ S1869
Bill
Status
1/9/2024
Primary Sponsor
Parker Space
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 towards the maintenance and preservation of the cemetery
-
Current law requires cemetery companies established after December 1, 1971 to make an initial deposit of $75,000 to their Maintenance and Preservation Fund, but no minimum was previously set for older cemeteries
-
The bill amends P.L.2003, c.261 (C.45:27-13) to address this gap in requirements for pre-1971 cemetery companies
Legislative Description
Establishes minimum dollar amount required in Maintenance and Preservation Funds of cemetery companies established before December 1, 1971.
Commerce
Last Action
Introduced in the Senate, Referred to Senate Commerce Committee
1/9/2024