Illinois HB4728 mandates disclosure and anti-looting measures for facilities and providers under various Acts, focusing on those managed by asset.
Illinois HB4728 requires state agencies to adopt rules mandating facilities and providers under several Acts to disclose if they are managed by an asset management company. These Acts include the Community Living Facilities Licensing Act, the MC/DD Act, the ID/DD Community Care Act, the Community-Integrated Living Arrangements Licensure and Certification Act, and the Child Care Act of 1969. The rules require these entities to disclose the size of the asset management company's assets, individuals and institutions with interests, debt held, and fees collected.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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