FAMILY SECURITY TRUST FUND
In addition to the renewal fee, all funeral establishment owners must also include a remittance of $375.00 for each funeral establishment, restricted establishment, and funeral service business. The $375.00 will be deposited into a special, interest-bearing, account titled The Family Security Trust Fund (FSTF). The fee of $375.00 will be assessed yearly until The Family Security Trust Fund has accumulated a balance of $1,000.000. Beginning January 1, 2010, monies from this FSTF will be used to aid victims of Preneed theft.
This law (see HB1090) was enacted in July, 2008. As per the law, a funeral establishment’s license will not be renewed unless it remits the additional $375.00 fee. Should you have questions, please contact the Board Office at 410-764-4792.
NOTE: Unless you are a new establishment applying for an initial license, no fees are due at this time, as the FSTF has reached its ceiling.