New York Codes, Rules and Regulations
Title 19 - DEPARTMENT OF STATE
Chapter VI - Division of Cemeteries
Part 201 - Cemetery Operations
Section 201.20 - Permanent maintenance fund collections and contributions
Universal Citation: 19 NY Comp Codes Rules and Regs ยง 201.20
Current through Register Vol. 46, No. 12, March 20, 2024
(a) All permanent maintenance fund deposits required by N-PCL section 1507 shall be made at least quarterly.
(b) A cemetery that receives payment in installments or over time for a lot, plot or part thereof, shall deposit to the permanent maintenance fund the full amount required by N-PCL section 1507 on the entire sale either:
(1) in lump sum at the time the contract is
signed and any initial payment is received; or
(2) by depositing at least ten percent (10%)
of any initial payment and each installment payment to the permanent
maintenance fund as such payments are received until the full amount required
by N-PCL section 1507 on the entire sale has been deposited to the
fund
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