New Jersey Assembly Bill A4449

New Jersey 2022-2023 Regular Session

• Introduced: 9/15/22
• Refer: 9/15/22

Caption

Establishes minimum dollar amount required in Maintenance and Preservation Funds of cemetery companies established before December 1, 1971.

Impact

The bill amends existing state law that regulates cemetery companies in New Jersey. By setting a minimum amount that older cemetery companies must retain in their Maintenance and Preservation Fund, it aims to improve the financial stability of these entities and, consequently, the quality of care provided to cemetery grounds. Moreover, the measure underscores the state's commitment to preserving historical burial sites and honoring the deceased. Any funds above the minimum amount have to be allocated specifically for cemetery maintenance, thereby potentially enhancing the physical state of these locations over time.

Summary

A4449 establishes a minimum dollar amount required in the Maintenance and Preservation Funds of cemetery companies that were established before December 1, 1971. The bill mandates that these older cemetery companies must retain at least $37,500 in their Maintenance and Preservation Fund. Previously, there were no minimum fund requirements for these companies, which could potentially jeopardize the maintenance and preservation of the cemeteries under their care. This legislation aims to provide financial assurance for the upkeep of these cemeteries, ensuring they are adequately funded for maintenance activities.

Contention

One notable point of contention may arise around the financial implications for cemetery companies that may struggle to meet the new minimum requirements. Opponents of the bill could argue that imposing such a minimum could burden older cemetery companies, especially those that are non-profits or operate on limited budgets. There may also be discussions regarding the differences in regulations for older versus newer cemetery companies, which could raise questions of fairness and equity in how cemetery operations are managed across the state.