Updates investment standards for cemetery perpetual care funds, raises the minimum funding threshold, and requires annual third-party audits with public disclosure.
Legislative status
This bill rewrites how cemeteries must fund and report their perpetual care trusts. It raises the minimum amount set aside from each sale and adds a mandatory annual third-party audit that becomes public record. Cemetery operators will face higher upfront set-asides and new disclosure obligations.
Key provisions
What this means for operators
Cemetery operators will see reduced cash flow on each sale as a larger share is locked into the care fund, plus a recurring audit expense. Well-funded cemeteries gain a transparency advantage they can market; underfunded operations may face a compliance gap.
359 verified professionals have weighed in
Casting a position requires a verified professional account.
Verify your license to cast a position →20d ago
We're supporting SB 892 with amendments. The audit requirement is long overdue — families buying burial rights deserve to know their perpetual care money is safe. Our position: raise the disclosure threshold further and include digital portals for beneficiary access.