Opinion No.

Rachel McGrew, Executive Secretary Arkansas Burial Association Board

101 East Capitol, Suite 113 Little Rock, Arkansas 72201

Dear Ms. McGrew:

You have asked for my opinion on how Arkansas burial associations may use the income received from investing the fees of their members. I have paraphrased your question as follows:

Burial associations receive fees from their members. Those fees can be spent for only one of two general purposes: operating expenses or payment of members' benefits. My question is about operating expenses. Associations may use only 25% of the fees for their operating expenses.…