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

SB 2530 increases the maximum principal amount for perpetual care cemetery trust funds from $50,000 to $75,000 and allows cemeteries to hold short-term certificates of deposit (maturing in one year or less) instead of the current 30-day limit. This directly affects Mississippi cemeteries that maintain perpetual care funds, giving them more flexibility in managing these funds while keeping them FDIC-insured. The bill requires certificates to state "For Perpetual Care," automatically renew with interest, and be filed with the Secretary of State. It aims to simplify fund management for cemeteries without altering the requirement that only trust income funds cemetery maintenance. The change takes effect July 1, 2026.