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 direct care for residents with intellectual or developmental disabilities. Providers must report their revenues and expenditures to the Department of Human Services by October 31 each year. If a provider's direct care ratio falls short, they must issue a credit to the State to meet the requirement. The Commissioner of Human Services may 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 must be spent on direct care for residents with intellectual or developmental disabilities. Providers must report their revenues and expenditures to the Department of Human Services by October 31 each year. If a provider's direct care ratio falls short, they must issue a credit to the State to meet the requirement. The Commissioner of Human Services may audit provider reports to ensure compliance and recover credits.