Sec. 713.004. USE OF FUNDS. (a) A municipality may invest and reinvest deposits under this subchapter in interest-bearing bonds or governmental securities.
(b) The principal of the funds must be kept intact as a principal trust fund, and the fund's trustee may not use those funds.
(c) The income or revenue of the fund must be used for the maintenance and care in a first-class condition of the grave, lot, or burial place for which the funds are donated. Income or revenue that is more than the amount necessary to faithfully accomplish the trust may be used, in the discretion of the trustee, to beautify the entire cemetery or burial grounds generally.
Acts 1989, 71st Leg., ch. 678, Sec. 1, eff. Sept. 1, 1989.
Structure Texas Statutes
Title 8 - Death and Disposition of the Body
Subtitle C - Cemeteries and Crematories
Chapter 713 - Local Regulation of Cemeteries
Subchapter A. Municipal Regulation of Cemeteries
Section 713.001. Municipal Cemetery Authorized
Section 713.002. Local Trust for Cemetery
Section 713.003. Local Authority to Receive Gifts; Deposits for Care; Certificates
Section 713.005. Deposit Records
Section 713.007. Appointment of Successor Trustee
Section 713.008. Termination of Municipal Trust by Certain Municipalities
Section 713.008. Termination of Municipal Trust by Certain Municipalities
Section 713.009. Local Possession and Control of Unkept or Abandoned Cemetery