CR 22-023 Rule Text

Agency contact person:

Dana Denny, Administrative Rules Coordinator, Department of Safety and Professional Services, Division of Policy Development, 4822 Madison Yards Way, P.O. Box 8366, Madison, Wisconsin 53708; telephone [phone]; email at [e-mail].

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TEXT OF RULE

Section 1 Chapter CB 4 (title) is amended to read:

Chapter CB 4

CHANGE OF TRUSTEE OF CARE FUNDS AND PRENEED TRUST FUNDS

Section 2 CB 4.06 is created to read:

CB 4.06 Income from care funds. (1) In this section, “income earned” means and includes any capital gains, any interest, and any dividends earned on a cemetery care fund account.

(2)

Only the principal deposits into cemetery care funds required under s. 157.11 (9g) (c), Stats., must remain intact.

(3)

Income earned on a cemetery care fund may be withdrawn from the care fund by the cemetery authority and be used for the purposes specified in s. 157.11 (9g) (a) 2., Stats.

(4)

Board approval is not required to withdraw income earned on a cemetery care fund account.

Section 3 EFFECTIVE DATE. The rules adopted in this order shall take effect on the first day of the month following publication in the Wisconsin Administrative Register, pursuant to s. 227.22 (2) (intro.), Stats.

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(END OF TEXT OF RULE)

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Dated _________________     Agency __________________________________

              Chair, Cemetery Board