IllinoisSB2010104th General Assembly (2025–2026)Senate

CEMETERIES-DISTRIBUTIONS

Sponsored By: Javier L. Cervantes (Democratic)

In Committee

Summary

Amends the Cemetery Care Act. Defines "average fair market value", "total return percentage", and "net income". Provides that a trustee may apply to the Comptroller to establish a master trust fund in which deposits are made. Allows a cemetery authority to take distributions from its fund either by distributing ordinary income or total return distribution. Requires an application for the implementation of the total return distribution method to be submitted to the Comptroller at least 120 days before the effective date of the election to receive total return distribution. Allows, where no receiver is available, a circuit court to order a willing local municipality, township, county, or city to take over the cemetery. Repeals a provision regarding the use of care funds. Makes other changes.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Javier L. Cervantes

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Referred to Assignments

    2/6/2025Senate
  2. First Reading

    2/6/2025Senate
  3. Filed with Secretary by Sen. Javier L. Cervantes

    2/6/2025Senate

Bill Text

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