SB2010 amends the Cemetery Care Act to redefine "average fair market value", "total return percentage", and "net income".

SB2010 amends the Cemetery Care Act by redefining key terms such as "average fair market value", "total return percentage", and "net income". It introduces the option for a trustee to apply to the Comptroller to establish a master trust fund, subject to specific requirements. The bill also allows cemetery authorities to choose between distributing ordinary income or total return distribution from their care funds. It mandates that an application for total return distribution be submitted to the Comptroller at least 120 days before the effective date of the election.

SB2010 amends the Cemetery Care Act to redefine "average fair market value", "total return percentage", and "net income".

SB2010 amends the Cemetery Care Act by redefining key terms such as "average fair market value", "total return percentage", and "net income". It introduces the option for a trustee to apply to the Comptroller to establish a master trust fund, subject to specific requirements. The bill also allows cemetery authorities to choose between distributing ordinary income or total return distribution from their care funds. It mandates that an application for total return distribution be submitted to the Comptroller at least 120 days before the effective date of the election.