Grant payments - Amount

(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. (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.