Bill > HB05381

This bill establishes a dedicated "funeral service compensation account" that will be managed by the State Treasurer and administered by the Department of Consumer Protection, starting July 1, 2026. This account will be funded through state appropriations, legally mandated deposits, and private donations, with any investment earnings also contributing to its balance. The primary purpose of this account is to provide grants to individuals or their immediate family members who have been victims of fraudulent or illegal practices related to money paid for funeral services. The Commissioner of Consumer Protection will oversee the distribution of these grants and can retain up to two percent of the account's balance annually to cover administrative costs. By January 1, 2027, the Commissioner is required to establish clear guidelines and a process for eligible individuals to apply for and receive these grants.