Continuing Care Providers; Revises conditions for release of certain escrowed funds to providers; revises information required to be contained in certain providers' financial reports in their annual reports; revises list of financial institutions in which escrow accounts for certain providers' funds must be established; revises condition under which provider may hold & not deposit resident's check for specified period; specifies requirements for notice & for certain plans to replenish withdrawn funds; revises calculation of minimum liquid reserve requirements for certain facilities; revises requirements for letters of credit which satisfy minimum liquid reserve requirements; revises circumstances under which provider may withdraw funds held in escrow without office's approval; specifies that forfeiture penalty may be deducted from certain resident refunds; provides reporting & notice requirements for continuing care facilities; provides disclosure requirement for providers to prospective residents or their legal representatives.
Chapter No. 2023-295
Approved by Governor
Signed by Officers and presented to Governor
Read 3rd time
Ordered enrolled
In Messages
CS passed; YEAS 39 NAYS 0
Placed on Calendar, on 2nd reading
Placed on 3rd reading
Read 2nd time
Substituted for CS/SB 622
Withdrawn from Fiscal Policy
Read 2nd time
Received
Referred to Fiscal Policy
In Messages
CS passed; YEAS 113, NAYS 1
Read 3rd time
Added to Third Reading Calendar
Bill added to Special Order Calendar (4/27/2023)
Bill referred to House Calendar
Added to Second Reading Calendar
1st Reading (Committee Substitute 2)
CS Filed
Laid on Table under Rule 7.18(a)
Reported out of Commerce Committee
Favorable with CS by Commerce Committee
Added to Commerce Committee agenda
Referred to Commerce Committee
1st Reading (Committee Substitute 1)
Now in Commerce Committee
Original reference removed: Health & Human Services Committee
Laid on Table under Rule 7.18(a)
CS Filed
Reported out of Insurance & Banking Subcommittee
Favorable with CS by Insurance & Banking Subcommittee
Added to Insurance & Banking Subcommittee agenda
Referred to Health & Human Services Committee
Now in Insurance & Banking Subcommittee
Referred to Commerce Committee
Referred to Insurance & Banking Subcommittee
1st Reading (Original Filed Version)
Filed
| Bill Text Versions | Format |
|---|---|
| H 1573 Filed | |
| H 1573 c1 | |
| H 1573 c2 | |
| H 1573 er |
| Document | Format |
|---|---|
| 599483 - Amendment to H 1573 Filed | |
| 432073 - Amendment to H 1573 Filed | |
| Bill Analysis -- Commerce Committee (Post-Meeting) (4/19/2023 8:14 PM) | |
| Bill Analysis -- Insurance & Banking Subcommittee (Post-Meeting) (6/29/2023 2:56 PM) |
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