19 CRR-NY 201.20NY-CRR
19 CRR-NY 201.20
19 CRR-NY 201.20
201.20 Permanent maintenance fund collections and contributions.
(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 10 percent 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.
19 CRR-NY 201.20
Current through October 15, 2021
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