Illinois Senate Bill 2010

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2025 - 25% progression
Action: 2025-02-06 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Cemetery Care Act. Defines "average fair market value", "total return percentage", and "net income". Provides that a trustee may apply to the Comptroller to establish a master trust fund in which deposits are made. Allows a cemetery authority to take distributions from its fund either by distributing ordinary income or total return distribution. Requires an application for the implementation of the total return distribution method to be submitted to the Comptroller at least 120 days before the effective date of the election to receive total return distribution. Allows, where no receiver is available, a circuit court to order a willing local municipality, township, county, or city to take over the cemetery. Repeals a provision regarding the use of care funds. Makes other changes.

CEMETERIES-DISTRIBUTIONS

Sen. Javier Cervantes [D]

Date	Chamber	Action
2025-02-06	Senate	Referred to Assignments
2025-02-06	Senate	First Reading
2025-02-06	Senate	Filed with Secretary by Sen. Javier L. Cervantes

Chapter	Article	Section	Citation Type	Statute Text
760	100	14	Amended Code	Citation Text
760	100	15a	Amended Code	Citation Text
760	100	2	Amended Code	Citation Text
760	100	25	Repealed Code	Citation Text
760	100	3	Amended Code	Citation Text
760	100	3.1	New Code	See Bill Text
760	100	4	Amended Code	Citation Text
760	100	4.1	New Code	See Bill Text
760	100	4.2	New Code	See Bill Text
760	100	5	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2010&GAID=18&DocTypeID=SB&SessionID=114&GA=104
Text	https://www.ilga.gov/legislation/104/SB/10400SB2010.htm