Connecticut SB00125 mandates nursing homes to annually report ownership information and maintain control over assets and activities.
Connecticut SB00125 requires nursing homes to annually report ownership information to the Commissioner of Social Services, including details about ownership entities and their beneficial interests. The law also mandates nursing homes to acquire a surety bond or similar security equal to ninety days of operating costs. Additionally, nursing homes must maintain full governance control and authority over their assets and activities, and annually attest that no investment entity has control over resident health, safety, or care.
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- Legal Framework
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