Illinois General Assembly - Bill Status for HB5584
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 Bill Status of HB5584  102nd General Assembly


Short Description:  CEMETERY CARE-DISBURSEMENT

House Sponsors
Rep. Stephanie A. Kifowit

Last Action
DateChamber Action
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
760 ILCS 100/4.1 new


Synopsis As Introduced
Amends the Cemetery Care Act. Requires every cemetery authority to choose the distribution of either of the following from a care fund: all net ordinary income; or a unitrust disbursement not exceeding 5% of the fair market value of the care fund. Requires the distribution method and the disbursement percentage selected to remain in effect unless the cemetery authority notifies the trustee and the Comptroller of its desire to effect a change. Requires a distribution from the care fund to be made on a monthly, quarterly, semiannual, or annual basis, as agreed upon by the cemetery authority and the trustee. Provides that in order to withdraw a unitrust disbursement, the fair market value of the care fund after the disbursement shall be greater than 80% of the aggregate fair market value of the care fund as of the end of the immediately preceding calendar year. Requires the trustee to pay reasonable operating expenses and taxes of the care fund itself. Provides that the provisions do not apply to a fraternal cemetery, a municipal, State, or federal cemetery, a religious cemetery, or a family burying ground.

Actions 
DateChamber Action
  1/28/2022HouseFiled with the Clerk by Rep. Natalie A. Manley
  1/31/2022HouseFirst Reading
  1/31/2022HouseReferred to Rules Committee
  2/9/2022HouseAssigned to Judiciary - Civil Committee
  2/15/2022HouseChief Sponsor Changed to Rep. Stephanie A. Kifowit
  2/18/2022HouseRule 19(a) / Re-referred to Rules Committee

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