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MississippiSB 25302026 Regular SessionSenateWALLET

Perpetual care cemetery; allow certain cemeteries to maintain CDs that mature in one year or less.

Sponsored By: Benjamin Suber (Republican)

Signed by Governor

Business and CommerceBusiness and Financial Institutions

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Cemeteries wait longer for deposits

Beginning July 1, 2026, the trustee pays a cemetery back its original $25,000 deposit when its care fund reaches $75,000, up from $50,000. The cemetery must give the trustee proof of the deposit. The higher threshold means the cemetery must wait until the fund has more money before getting the deposit back.

Cemeteries can use longer-term CDs

Beginning July 1, 2026, a cemetery with a care fund principal of $75,000 or less can hold certificates of deposit that mature within one year, instead of within 30 days. The deposits must be insured by the Federal Deposit Insurance Corporation.

Sponsors & Cosponsors

Sponsor

  • Benjamin Suber

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 169 • No: 0

House vote • 3/4/2026

Passed

Yes: 117 • No: 0 • Other: 2

Senate vote • 2/9/2026

Passed

Yes: 52 • No: 0

Actions Timeline

  1. Approved by Governor

    3/13/2026legislature

  2. Enrolled Bill Signed

    3/9/2026House

  3. Enrolled Bill Signed

    3/9/2026Senate

  4. Returned For Enrolling

    3/5/2026House

  5. Passed

    3/4/2026House

  6. Title Suff Do Pass

    2/26/2026House

  7. Referred To Business and Commerce

    2/12/2026House

  8. Transmitted To House

    2/10/2026Senate

  9. Passed

    2/9/2026Senate

  10. Title Suff Do Pass

    2/2/2026Senate

  11. Referred To Business and Financial Institutions

    1/19/2026Senate

Bill Text

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