Section 7612.11 - [Effective 1/1/2025] Study to determine endowment care fund levels(a) The bureau shall conduct a study to obtain information to determine if the endowment care fund levels of each licensee's cemetery are sufficient to cover the cost of future maintenance. The bureau shall also review the levels of endowment care funds that have previously been reported pursuant to this chapter by licensed cemeteries.(b) For purposes of the report required in subdivision (a), each licensed cemetery authority shall provide the following information to the bureau on or before January 1, 2028:(1) The year the cemetery was established.(2) The total size of the developed and undeveloped acres of the cemetery.(3) The total acreage of the developed cemetery property that has been sold for interment, including preneed sales.(4) The total acreage of land sold for interment that contains spaces for which endowment care fees have been collected.(5) The total acreage of developed cemetery property remaining to be sold.(6) The total acreage of undeveloped cemetery property remaining to be sold.(7) The year the cemetery started collecting endowment care fees.(8) The total number of spaces the cemetery has sold for interment, including preneed sales.(9) Of the total spaces the cemetery has sold for interment, the total number of spaces that have contributed to the endowment care funds of the cemetery.(10) The number of interment spaces remaining to be sold in all developed acreage.(11) The number of interment spaces remaining to be sold in undeveloped acreage, to the extent known.(c) The bureau shall report its findings and recommendations to the appropriate policy committees of the Legislature by January 1, 2029.(d)(1) A report to be submitted pursuant to subdivision (b) shall be submitted in compliance with Section 9795 of the Government Code.(2) Pursuant to Section 10231.5 of the Government Code, this section is repealed on January 1, 2033.Ca. Bus. and Prof. Code § 7612.11
Amended by Stats 2024 ch 589 (AB 3254),s 3, eff. 1/1/2025.Amended by Stats 2021 ch 442 (AB 651),s 1, eff. 1/1/2022.Added by Stats 2015 ch 395 (AB 180),s 13, eff. 1/1/2016.This section is set out more than once due to postponed, multiple, or conflicting amendments.