Senate Bill 123
Trust funds related to cemetery lots, mausoleum spaces, and cemetery merchandise
Became law
The governor signed it on Nov 12, 2015. It's .
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Introduced, passed
Apr 17, 2015
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Committee, passed
Approved
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Senate vote, passed
Passed Jun 9, 2015
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Assembly vote, passed
Passed Nov 3, 2015
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Governor, passed
Signed
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Law, here now
2015 Wisconsin Act 110
Latest entry in the official record, Nov 12, 2015: “Published 11-12-2015”
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Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
What it does
Summary by the , the Legislature's nonpartisan drafting office. It's their wording, not ours.
Current law authorizes a person who owns or operates a cemetery (cemetery authority) to receive any of the following:
1. Funds for the care of a cemetery lot (lot care funds).
Read the full summary Show less
2. Funds for the care of a mausoleum space (mausoleum care funds).
3. Funds paid under an agreement (preneed sales contract) for the sale of a future mausoleum space or for the sale of goods or services, to be delivered in the future, associated with the burial of human remains, including monuments, markers, and urns, but excluding caskets (preneed trust funds).
Under current law, with limited exceptions, a cemetery authority may deposit lot care funds, and must deposit mausoleum care funds and preneed trust funds, with a state-chartered or federally chartered financial institution located in this state, including a bank, savings bank, savings and loan association, trust company, or credit union (financial institution). The financial institution must invest the care funds and preneed trust funds in compliance with certain prudent investor standards.
This bill allows a cemetery authority to deposit lot care funds, mausoleum care funds, and preneed trust funds with a broker-dealer registered, or exempt from registration, with the Division of Securities in the Department of Financial Institutions by expanding the definition of "financial institution" for these purposes to include such a broker-dealer. A "broker-dealer" is defined, with limited exceptions, as a person engaged in the business of effecting transactions in securities for the account of others or for the person's own account.
Who's behind it
2 senators are its . 1 is a Democrat and 1 is a Republican.
10 more lawmakers .
See all 12 names Hide the names
Authors (2)
- Julie M. Lassa · Democrat, Senate
- Devin LeMahieu · Republican, Senate
Signed on in support (10)
- Joan Ballweg · Republican, Senate
- Edward Brooks · Republican, Assembly
- James Edming · Republican, Assembly
- Cody Horlacher · Republican, Assembly
- Robb Kahl · Democrat, Assembly
- Terry Katsma · Republican, Assembly
- Dale Kooyenga · Republican, Senate
- Bob Kulp · Republican, Assembly
- Rob Brooks · Republican, Assembly
- Mark Spreitzer · Democrat, Senate
Versions and amendments
Every text the Legislature printed for this bill, including proposed changes. Each opens on the Legislature's site.
How lawmakers voted
There were 2 votes on this bill.
Senate Committee on Elections and Local Government vote on an amendment
Passed, 5 to 0 · Jun 5, 2015
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report adoption of Senate Amendment 1 recommended by Committee on Elections and Local Government, Ayes 5, Noes 0”. Official record · This vote on its own page
Senate Committee on Elections and Local Government vote to recommend it
Passed, 5 to 0 · Jun 5, 2015
No member-by-member record exists for this vote. Committee votes and some older sessions record totals only.
Official motion: “Report passage as amended recommended by Committee on Elections and Local Government, Ayes 5, Noes 0”. Official record · This vote on its own page
What happened
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Nov 12, 2015
The new law was published.
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Nov 12, 2015
The governor signed it. It became 2015 Wisconsin Act 110.
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Nov 10, 2015
Sent to the governor.
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Nov 3, 2015
The Assembly passed it too.
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Oct 19, 2015
Sent to the Assembly Committee on Rules.
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Jun 9, 2015
The Assembly received it.
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Jun 9, 2015
The Senate passed it.
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Jun 9, 2015
The Senate adopted it.
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Jun 5, 2015
The committee voted to recommend passing it, 5 to 0.
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Jun 5, 2015
“Report adoption of Senate Amendment 1 recommended by Committee on Elections and Local Government, Ayes 5, Noes 0” (the official wording)
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May 28, 2015
The committee held a public hearing.
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Apr 17, 2015
Sent to the Senate Committee on Elections and Local Government.
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Apr 17, 2015
Introduced in the Senate.
See the official record, word for word Hide the official record
- Apr 17, 2015 · Senate
Introduced by Senators LeMahieu and Lassa; cosponsored by Representatives Katsma, Kooyenga, Horlacher, R. Brooks, Ballweg, E. Brooks, Spreitzer, Kulp, Edming and Kahl
- Apr 17, 2015 · Senate
Read first time and referred to Committee on Elections and Local Government
- May 28, 2015 · Senate
Public hearing held
- Jun 2, 2015 · Senate
Senate Amendment 1 offered by Senator LeMahieu
- Jun 3, 2015 · Senate
Executive action taken
- Jun 5, 2015 · Senate
Report adoption of Senate Amendment 1 recommended by Committee on Elections and Local Government, Ayes 5, Noes 0
- Jun 5, 2015 · Senate
Report passage as amended recommended by Committee on Elections and Local Government, Ayes 5, Noes 0
- Jun 5, 2015 · Senate
Available for scheduling
- Jun 8, 2015 · Senate
Placed on calendar 6-9-2015 pursuant to Senate Rule 18(1)
- Jun 9, 2015 · Senate
Read a second time
- Jun 9, 2015 · Senate
Senate Amendment 1 adopted
- Jun 9, 2015 · Senate
Ordered to a third reading
- Jun 9, 2015 · Senate
Rules suspended
- Jun 9, 2015 · Senate
Read a third time and passed
- Jun 9, 2015 · Senate
Ordered immediately messaged
- Jun 9, 2015 · Assembly
Received from Senate
- Oct 19, 2015 · Assembly
Read first time and referred to committee on Rules
- Oct 28, 2015 · Assembly
Placed on calendar 11-3-2015 by Committee on Rules
- Nov 3, 2015 · Assembly
Rules suspended to withdraw from calendar and take up
- Nov 3, 2015 · Assembly
Read a second time
- Nov 3, 2015 · Assembly
Ordered to a third reading
- Nov 3, 2015 · Assembly
Rules suspended
- Nov 3, 2015 · Assembly
Read a third time and concurred in
- Nov 3, 2015 · Assembly
Ordered immediately messaged
- Nov 3, 2015 · Senate
Received from Assembly concurred in
- Nov 9, 2015 · Senate
Report correctly enrolled
- Nov 10, 2015 · Senate
Presented to the Governor on 11-10-2015
- Nov 12, 2015 · Senate
Report approved by the Governor on 11-11-2015. 2015 Wisconsin Act 110
- Nov 12, 2015 · Senate
Published 11-12-2015
Terms on this page
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act. More in the glossary
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis. More in the glossary
Author
A lawmaker who formally puts a bill forward. The text itself is drafted by the Legislative Reference Bureau.
Official term: Author, coauthor. More in the glossary
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor. More in the glossary
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote. More in the glossary
From the Wisconsin Legislature's official record, checked Sep 15, 2026. See the source
Wisconsin Act
The number a bill gets when it becomes law, like 2025 Wisconsin Act 12.
Official term: Act
Legislative Reference Bureau
The Legislature's nonpartisan office that drafts bills and writes the summary at the top of each one.
Official term: LRB analysis
Signed on in support
Lawmakers who back a bill without being one of its authors, often from the other chamber.
Official term: Cosponsor
Roll call
A vote where each lawmaker's yes or no is recorded by name.
Official term: Roll call vote