Senate Bill No. 470 proposes technical and minor revisions to various government administration statutes. Notably, it amends the provisions regarding funeral service contracts, stating that property held under such contracts will be considered payable upon the death of a beneficiary, upon the beneficiary reaching the age of 110, or 75 years after the contract execution. Additionally, the bill modifies the requirements for contracts entered into or amended by the Board of Regents for Higher Education, allowing these contracts to either include the full text of the state's nondiscrimination laws or a specific affirmation of nondiscrimination, with the effective date for this provision being upon passage rather than July 1, 2026.

The bill also makes changes to the compensation structure for conservators and guardians, specifying that compensation shall not exceed 5% of the gross income to the estate and establishing a minimum compensation amount. Furthermore, it updates the procedures for personal service of citations in court cases, ensuring that proper notice is given to respondents and their relatives. The overall impact of the bill is technical in nature, with no fiscal implications for the state or municipalities, and it is set to take effect on October 1, 2026, for most provisions.