(a) The Insurance Commissioner shall make grant payments under this subchapter from: (1) Funds appropriated by the General Assembly for that purpose; or(2) Excess funds transferred under § 20-17-1025 to the Insolvent Cemetery Grant Fund from the Insolvent Cemetery Loan Fund.(b) The State Board of Embalmers, Funeral Directors, Cemeteries, and Burial Services shall not grant more than thirty-five thousand dollars ($35,000) in a fiscal year to an eligible organization for the care and improvement of a perpetual care cemetery that is insolvent or in financial distress under this subchapter.Amended by Act 2017, No. 788,§ 66, eff. 7/1/2018.Amended by Act 2015, No. 990,§ 3, eff. 7/22/2015.Acts 2009, No. 429, § 3. (a) The Insurance Commissioner shall make grant payments under this subchapter from: (1) Funds appropriated by the General Assembly for that purpose; or(2) Excess funds transferred under § 20-17-1025 to the Insolvent Cemetery Grant Fund from the Insolvent Cemetery Loan Fund.(b) The State Board of Embalmers, Funeral Directors, Cemeteries, and Burial Services shall not grant more than thirty-five thousand dollars ($35,000) in a fiscal year to an eligible organization for the care and improvement of a perpetual care cemetery that is insolvent or in financial distress under this subchapter.Amended by Act 2017, No. 788,§ 66, eff. 7/1/2018.Amended by Act 2015, No. 990,§ 3, eff. 7/22/2015.Acts 2009, No. 429, § 3.
Arkansas Legal Code