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Terms Used In Alabama Code 34-13-274

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Trustee: A person or institution holding and administering property in trust.
  • year: means a calendar year; but, whenever the word "year" is used in reference to any appropriations for the payment of money out of the treasury, it shall mean fiscal year. See Alabama Code 1-1-1

An annual report of the endowment care fund shall be made to the board by each cemetery authority within 90 days of the close of each calendar year. This report shall include the qualified trustee‘s name or names, the bond numbers if individual trustees or the name and address of the financial institution in which the fund is maintained, and the affidavit of the cemetery authority affirming compliance with this chapter. Prior to the sale or transfer of a cemetery, the cemetery authority shall report and document to the board that the endowment care fund is currently funded in accordance with this chapter.