Sec. 7. (a) Part of the proceeds derived from the sale of lots within a cemetery to which this chapter applies may be set aside as a permanent maintenance fund.
(b) Not more than fifty percent (50%) of the proceeds from the sale of lots may be set aside as a permanent maintenance fund under this section.
(c) The income from a permanent maintenance fund established under this section shall remain in the fund, except as provided in subsection (d).
(d) If the revenue from the sale of lots and other income from a cemetery to which this chapter applies becomes insufficient to meet the expense of maintaining the cemetery, income derived from the fund and its accretions may be used in whole or in part as the needs of the cemetery require, after appropriation by the legislative body according to statute.
As added by P.L.52-1997, SEC.39.
Structure Indiana Code
Title 23. Business and Other Associations
Article 14. Cemetery Associations
Chapter 65. City and Town Cemeteries
23-14-65-1. "Cemetery Board" Defined
23-14-65-2. "Executive" Defined
23-14-65-3. "Legislative Body" Defined
23-14-65-4. "Municipality" Defined
23-14-65-5. Application of Chapter
23-14-65-6. Powers and Duties of Legislative Body
23-14-65-7. Permanent Maintenance Fund
23-14-65-8. Gifts, Donations, Bequests, or Devises
23-14-65-9. Transfer of Control and Management to Public Works or Public Works and Safety Board
23-14-65-10. Transfer of Control and Management to Board of Trustees
23-14-65-11. Transfer of Control and Management to Board of Cemetery Regents; Board Members
23-14-65-12. Board of Cemetery Regents; Members; Vacancy; Quorum; Removal
23-14-65-12.5. Transfer of Control and Management to Cemetery Caretaker
23-14-65-13. Notice of Proposed Transfer of Management and Control; Hearing
23-14-65-13.5. Notice of Proposed Transfer of Management; Hearing
23-14-65-13.7. Cemetery Caretaker Vacancy
23-14-65-15. Powers of Cemetery Board
23-14-65-16. Execution of Deed; Requirements for Deferred Payment Sales
23-14-65-17. Employment of Agents and Employees; Collection and Receipt of Money
23-14-65-18. Purchase of Property
23-14-65-19. Financial Report; Budget; Expenditure of Money
23-14-65-20. Awarding of Contracts
23-14-65-22. Delivery of Money to Controller or Clerk-Treasurer; Payment of Expenses
23-14-65-23. Acceptance and Receipt of Real and Personal Property
23-14-65-24. Placement of Bonds or Other Securities in Safety Deposit Box
23-14-65-25. Improvement and Development of Cemetery; Adoption of Resolution