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 is expended on the direct care of residents with intellectual or developmental disabilities. Providers must report their revenues and expenditures annually to the Department of Human Services (DHS). If a provider's direct care ratio does not meet the requirement, they must issue a credit to the State. The commissioner can audit provider reports to ensure compliance and recover credits.

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 is expended on the direct care of residents with intellectual or developmental disabilities. Providers must report their revenues and expenditures annually to the Department of Human Services (DHS). If a provider's direct care ratio does not meet the requirement, they must issue a credit to the State. The commissioner can audit provider reports to ensure compliance and recover credits.