Introduced
by
To create a state Office of Cemetery Regulation with broad powers to regulate and oversee the ownership, operation and transfer of cemeteries. Fifteen percent of cemetery burial revenue would have to be deposited in trust funds for continuing maintenance and spent only for this purpose, with no co-mingling with money for other purposes. The Michigan financial institutions holding the accounts would be the fund trustees.
Referred to the Committee on Economic Development and Regulatory Reform
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that, among other revisions, would allow the endowment funds of several cemeteries owned by the same entity to be contained in one trust account for investment purposes, subject to separate accounting for each. Limited transfers would be allowed between cemetery trust funds.
The substitute passed by voice vote
Amendment offered
by
To revise the language of a provision allowing the endowment funds of several cemeteries owned by the same entity to be contained in one trust account for investment purposes, subject to separate accounting for each. The amendment requires the Department of Labor and Economic Growth to review and approve such bundling.
The amendment passed by voice vote
Passed in the Senate 38 to 0 (details)
Referred to the Committee on Regulatory Reform
Reported without amendment
With the recommendation that the substitute (H-2) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that does not create a new state Office of Cemetery Regulation but does impose new regulations and oversite provisions.
The substitute passed by voice vote
Amendment offered
by
To tie-bar the bill to House Bill 6036, meaning this bill cannot become law unless that one does also. HB 6036 is the House version of the cemetery regulation package.
The amendment passed by voice vote
Passed in the House 105 to 3 (details)
To establish new regulations and oversite provisions on the ownership, operation and transfer of cemeteries. Fifteen percent of cemetery burial revenue would have to be deposited in trust funds for continuing maintenance and spent only for this purpose, with no co-mingling with money for other purposes. The Michigan financial institutions holding the accounts would be the fund trustees.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
