Establishes minimum dollar amount required in Maintenance and Preservation Funds of cemetery companies established before December 1, 1971.

This bill sets a $37,500 minimum balance requirement for Maintenance and Preservation Funds held by cemetery companies established before December 1, 1971. Currently, such companies must transfer all existing maintenance funds into these accounts but lack a defined minimum they must retain. The bill requires these older cemeteries to keep at least $37,500 in their funds, with any excess amount applied directly to cemetery maintenance. This differs from the existing $75,000 minimum for newer cemeteries established after December 1, 1971.