Existing law authorizes a cemetery authority that maintains a private cemetery to place its cemetery under endowment care and to operate an endowment care fund. Existing law requires the principal of all funds for endowment care to be invested, and only the income to be used for the care of the cemetery. The term "income," for these purposes, means the distribution under either the net income distribution method or the unitrust distribution method. Existing law requires an endowment fund to be subject to a net income distribution method, and authorizes, on or after January 1, 2020, a cemetery authority to apply to the Cemetery and Funeral Bureau to convert its fund to a unitrust distribution method. The board is required to approve an application to convert a fund if certain conditions are met, including, the compensation to the trustee of the fund is limited to 0.1 % of the net fair market value of the assets as of the last trading day for each of the 3 preceding fiscal years.
California AB 795 (20192020) — Private cemeteries: endowment funds.
Existing law authorizes a cemetery authority that maintains a private cemetery to place its cemetery under endowment care and to operate an endowment care fund. Existing law requires the principal of all funds for endowment care to be invested, and only the income to be used for the care of the cemetery. The term "income," for these purposes, means the distribution under either the net income distribution method or the unitrust distribution method. Existing law requires an endowment fund to be subject to a net income distribution method, and authorizes, on or after January 1, 2020, a cemetery authority to apply to the Cemetery and Funeral Bureau to convert its fund to a unitrust distribution method. The board is required to approve an application to convert a fund if certain conditions are met, including, the compensation to the trustee of the fund is limited to 0.1 % of the net fair market value of the assets as of the last trading day for each of the 3 preceding fiscal years.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
AB 795 Irwin Assembly Third Reading — 78–0 (pass) · lower
Do pass as amended — 9–0 (pass) · upper
Special Consent AB795 — 39–0 (pass) · upper
AB 795 Irwin Concurrence in Senate Amendments — 77–0 (pass) · lower
Do pass as amended. — 12–0 (pass) · lower
Sponsors
Irwin — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
2019-02-20 Read first time. To print. reading-1
2019-02-21 From printer. May be heard in committee March 23.
2019-02-28 Referred to Com. on JUD. referral-committee
2019-03-25 In committee: Set, first hearing. Hearing canceled at the request of author.
2019-04-03 From committee: Amend, and do pass as amended. (Ayes 12. Noes 0.) (April 2). amendment-passage, committee-passage, amendment-introduction
2019-04-04 Read second time and amended. Ordered returned to second reading. amendment-passage, reading-1, reading-2
2019-04-08 Read second time. Ordered to third reading. reading-1, reading-2
2019-04-22 Read third time. Passed. Ordered to the Senate. (Ayes 78. Noes 0. Page 1254.) passage, reading-3, reading-1
2019-04-23 In Senate. Read first time. To Com. on RLS. for assignment. reading-1
2019-05-01 Referred to Com. on B., P. & E.D. referral-committee
2019-06-11 From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B., P. & E.D. reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction
2019-06-17 In committee: Hearing postponed by committee.
2019-06-26 From committee: Amend, and do pass as amended. (Ayes 9. Noes 0.) (June 24). amendment-passage, committee-passage, amendment-introduction
2019-06-27 Read second time and amended. Ordered to third reading. amendment-passage, reading-1, reading-2
2019-07-03 Ordered to special consent calendar.
2019-07-11 Read third time. Passed. Ordered to the Assembly. (Ayes 39. Noes 0. Page 2057.). passage, reading-3, reading-1
2019-07-11 In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 9 pursuant to Assembly Rule 77.
2019-08-12 Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 77. Noes 0. Page 2659.). amendment-passage, committee-passage-favorable
2019-09-03 Enrolled and presented to the Governor at 3:30 p.m.
2019-09-20 Approved by the Governor. executive-signature
2019-09-20 Chaptered by Secretary of State - Chapter 309, Statutes of 2019.
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/796da1c7-5cdc-4b17-b3e4-1436942b74ea. Confidence: reported (aggregated from official California legislature records).
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