Establishes a direct care ratio requirement for providers of services to individuals with intellectual or developmental disabilities.

The "Fair Funding for Vulnerable Residents Act" mandates that at least 70 percent of a provider's revenue from State and federal sources in a given fiscal year must be spent on the direct care of residents with intellectual or developmental disabilities. Providers must annually report their revenues and expenditures to the Department of Human Services by October 31. The commissioner will determine which components are attributed to direct care and use that data to calculate a provider’s direct care ratio.

Establishes a direct care ratio requirement for providers of services to individuals with intellectual or developmental disabilities.

The "Fair Funding for Vulnerable Residents Act" mandates that at least 70 percent of a provider's revenue from State and federal sources in a given fiscal year must be spent on the direct care of residents with intellectual or developmental disabilities. Providers must annually report their revenues and expenditures to the Department of Human Services by October 31. The commissioner will determine which components are attributed to direct care and use that data to calculate a provider’s direct care ratio.