1 | 1 | | 89R15998 EAS-D |
---|
2 | 2 | | By: Smithee H.B. No. 4774 |
---|
3 | 3 | | |
---|
4 | 4 | | |
---|
5 | 5 | | |
---|
6 | 6 | | |
---|
7 | 7 | | A BILL TO BE ENTITLED |
---|
8 | 8 | | AN ACT |
---|
9 | 9 | | relating to the administration of perpetual care trust funds for |
---|
10 | 10 | | capital improvements at perpetual care cemeteries. |
---|
11 | 11 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
---|
12 | 12 | | SECTION 1. Section 712.025, Health and Safety Code, is |
---|
13 | 13 | | amended to read as follows: |
---|
14 | 14 | | Sec. 712.025. USE OF FUND DISTRIBUTIONS. (a) Except as |
---|
15 | 15 | | provided by Subsection (b), fund [Fund] distributions may be used |
---|
16 | 16 | | only to provide the perpetual care described by the instrument that |
---|
17 | 17 | | established the fund, including the general care and maintenance of |
---|
18 | 18 | | the property entitled to perpetual care in the perpetual care |
---|
19 | 19 | | cemetery. |
---|
20 | 20 | | (b) The corporation for the perpetual care cemetery may |
---|
21 | 21 | | petition the district court in the county in which the perpetual |
---|
22 | 22 | | care cemetery is located to use fund distributions for making |
---|
23 | 23 | | capital improvements to the perpetual care cemetery. The court may |
---|
24 | 24 | | grant the petition on a showing that: |
---|
25 | 25 | | (1) the use of the fund distributions for the proposed |
---|
26 | 26 | | capital improvements will not adversely affect the perpetual care |
---|
27 | 27 | | cemetery's ability to provide perpetual care; and |
---|
28 | 28 | | (2) the proposed capital improvements are in the best |
---|
29 | 29 | | interest of the perpetual care cemetery and the families of those |
---|
30 | 30 | | who are buried in the perpetual care cemetery who benefit from the |
---|
31 | 31 | | cemetery's perpetual care. |
---|
32 | 32 | | SECTION 2. This Act takes effect September 1, 2025. |
---|