The bill amends subsection 2 of section 23-21.1-03 of the North Dakota Century Code, which pertains to the requirements for perpetual care cemeteries. It specifies that organizations must set aside and deposit a minimum percentage of the gross selling price from the sale of interment spaces into a perpetual care fund. The bill modifies the required percentages and minimum amounts for various types of interment spaces, changing the previous requirement of "twenty percent" to "twenty ten percent" and adjusting the minimum amounts for adult spaces, children's spaces, mausoleum spaces, columbarium niches, and crypt gardens.

Specifically, the bill eliminates the word "any" and the phrase "thereafter" from the existing law. It also clarifies the minimum deposit amounts for different types of interment spaces, ensuring that the perpetual care fund reflects a consistent percentage of the gross selling price while also establishing minimum dollar amounts for various categories. This amendment aims to enhance the financial stability of perpetual care funds associated with cemeteries in North Dakota.

Statutes affected:
INTRODUCED: 23-21.1-03
Enrollment: 23-21.1-03