(a) (1) As used in this section, "eligible organization" means an organization that agrees to provide for the care and improvement of a perpetual care cemetery that is insolvent or in financial distress as determined by the Arkansas Cemetery Board.
(2) "Eligible organization" includes a nonprofit organization which is exempt from taxation under ยง 501(c)(3) of the Internal Revenue Code.
(b) An eligible organization may be eligible to receive a grant under this subchapter for the care and improvement of a perpetual care cemetery if the perpetual care cemetery:
(1) Has been in court-ordered receivership or conservatorship for at least five (5) years;
(2) Has historic significance to the local community or the State of Arkansas; and
(3) Is insolvent or in financial distress.
Section: Previous 20-17-1302 20-17-1303 20-17-1304 20-17-1305 20-17-1306 20-17-1307 20-17-1308 NextLast modified: November 15, 2016