Bill Summary

HB 1573 Continuing Care Providers (2023 Session)
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& not deposit resident's check for specified period; specifies requirements for notice & for certain plans to replenish withdrawn funds; revises calculation of minimum liquid reserve requirements for certain facilities; revises requirements for letters of credit which satisfy minimum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. Effective Date: July 1, 2023
03/06/23
HOUSE 
Filed
03/09/23
HOUSE 
Referred to Insurance & Banking Subcommittee; Health & Human Services Committee; Commerce Committee
03/09/23
HOUSE 
Now in Insurance & Banking Subcommittee
03/23/23
HOUSE 
On Committee agenda - Insurance & Banking Subcommittee, 03/27/23, 8:00 am, 17 H
03/27/23
HOUSE 
Favorable with CS by Insurance & Banking Subcommittee; 12 Yeas, 0 Nays
03/28/23
HOUSE 
Committee Substitute Text (C1) Filed
03/29/23
HOUSE 
Reference to Health & Human Services Committee removed; Remaining reference: Commerce Committee
03/29/23
HOUSE 
Now in Commerce Committee
04/13/23
HOUSE 
On Committee agenda - Commerce Committee, 04/17/23, 2:00 pm, 212 K
04/18/23
HOUSE 
Favorable with CS by Commerce Committee on 04/17/23; 17 Yeas, 0 Nays
04/20/23
HOUSE 
Committee Substitute Text (C2) Filed
04/21/23
HOUSE 
Placed on Calendar, on 2nd reading
04/24/23
HOUSE 
Placed on Special Order Calendar, 04/27/23
04/27/23
HOUSE 
Read Second Time; Read Third Time; Passed (Vote: 113 Yeas / 1 Nay)
04/27/23
SENATE
In Messages
04/27/23
SENATE
Received; Referred to Fiscal Policy
05/03/23
SENATE
Withdrawn from Fiscal Policy; Placed on Calendar, on 2nd reading; Substituted for SBĀ 0622; Read Second Time; Placed on Third Reading, 05/04/23
05/04/23
SENATE
Read Third Time; Passed (Vote: 39 Yeas / 0 Nays)
05/04/23
HOUSE 
Ordered enrolled
05/04/23
HOUSE 
Enrolled Text (ER) Filed
06/14/23
______ 
Signed by Officers and presented to Governor (Governor must act on this bill by 06/29/23)
06/26/23
______ 
Approved by Governor; Chapter No. 2023-295
1573
Filed on 03/06/23
PDF
Amendment 432073
Filed on 03/26/23
Adopted
Amendment 599483
Filed on 03/26/23
Adopted
1573C1
Filed on 03/28/23
PDF
Amendment 870299
Filed on 04/14/23
Adopted
1573C2
Filed on 04/20/23
PDF
No amendments to this bill text filed.
1573ER
Filed on 05/04/23
PDF
No amendments to this bill text filed.
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651.105
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