HB4662 102ND GENERAL ASSEMBLY

LRB102 23617 CPF 32799 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4662

Introduced 1/21/2022, by Rep. Denyse Wang Stoneback

SYNOPSIS AS INTRODUCED:

210 ILCS 45/3-305.10 new

Amends the Nursing Home Care Act. Provides that a for-profit facility licensed under the Act shall disclose data regarding the lease or rental of the facility by a real estate partnership owning the facility to a business operating the facility in any cost report submitted by the facility to the State. Provides that the provisions only apply to a facility that is leased or rented by its owner to a related party of the owner.

A BILL FOR

AN ACT concerning regulation.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Nursing Home Care Act is amended by adding Section 3-305.10 as follows:

(210 ILCS 45/3-305.10 new)

Sec. 3-305.10. Rental data disclosure; facility cost report.

(a) A for-profit facility licensed under this Act shall disclose data regarding the lease or rental of the facility by a real estate partnership owning the facility to a business operating the facility in any cost report submitted by the facility to the State.

(b) This Section only applies to a facility that is leased or rented by its owner to a related party of the owner.