New York S06679 mandates quarterly audits of trust funds in nursing homes to ensure residents' money is not misappropriated.
New York S06679 amends the public health law to require nursing homes with trust funds for residents' money to undergo quarterly financial audits. These audits must be conducted by an independent third party and ensure the money is not misappropriated. The findings of these audits must be reported to the commissioner of public health within sixty days of completion. The commissioner also has the authority to audit the nursing home's books and records at any time. This law aims to protect residents' financial interests in nursing homes.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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