Relates to cemetery trust funds

This bill updates the rules for cemetery trust funds to allow nonprofit cemetery corporations to use a portion of their investment growth for maintaining and preserving cemetery grounds. It permits the governing board to appropriate net appreciation from the permanent maintenance fund and, for qualified corporations that follow specific investment policies, to treat a calculated amount of trust principal as income for maintenance purposes. To ensure oversight, the bill requires these corporations to provide advance notice and detailed reports to the cemetery board before using any principal, with the board having the power to object within a set period. Additionally, the legislation establishes a process for courts to authorize the use of fund principal for current maintenance needs if a cemetery can demonstrate it lacks sufficient future revenue.