Section 58-9-704 - Interest earned on trust fundsInterest earned on trust funds shall be available for expenditure according to the following priority:
(1) to pay the reasonable trustee expenses of administering the trust within a maximum amount established by rule;(2) to pay within a maximum amount established by rule under Section 58-9-504 the reasonable provider expenses associated with: (a) the sale of the plan;(b) administering the collection, remittance, and accounting of the amount of payments made into the corpus of the trust; and(c) reporting required with respect to those contracts: (i) that have been sold; and(ii) under which the provider is obligated;(3) to pay the costs of providing any of the following for which the provider is obligated under a specific outstanding preneed funeral arrangement contract: (a) personal property; and(b) services at need; and(4) to pay the provider available funds left in the individual trust account after: (a) all costs of providing personal property and services for which the provider is obligated under the contract underlying the trust; or(b)(i) the contract is canceled as provided under this chapter; and(ii) all amounts payable to the buyer, beneficiary, or any other person have been paid in full.Enacted by Chapter 49, 2003 General Session.