<?xml version='1.0' encoding='ISO-8859-1'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 5312         </title>
<shortdesc>CEMETERIES-TOTAL RETURN TRUSTS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael Unes</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>760 ILCS 100/3</reference><aliasreference>from Ch. 21, par. 64.3</aliasreference><reference>760 ILCS 100/4</reference><aliasreference>from Ch. 21, par. 64.4</aliasreference><reference>760 ILCS 100/5</reference><aliasreference>from Ch. 21, par. 64.5</aliasreference><reference>760 ILCS 100/12</reference><aliasreference>from Ch. 21, par. 64.12</aliasreference><SynopsisText>     Amends the Cemetery Care Act. Provides that a trustee of a nonprofit cemetery may convert a trust fund established under the Act to a total return trust in accordance with provisions of the Trusts and Trustees Act pertaining to total return trusts, provided that the distribution percentage of the total return trust does not exceed 5% of the trust. Makes corresponding changes throughout the Act. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/7/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael Unes</action>
<statusdate>2/7/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/7/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

