OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-5358

AN ACT ESTABLISHING A BILL OF RIGHTS FOR RESIDENTS OF CONTINUING-CARE RETIREMENT COMMUNITIES.

AMENDMENT

LCO No.: 6432

File Copy No.: 511

House Calendar No.: 317


OFA Fiscal Note

NO FISCAL IMPACT

The amendment (1) changes the effective date of sections 1 to 17 of the underlying bill from July 1, 2015 to October 1, 2015, (2) changes the terms by which an entrance fee is refunded to a client in the event the contract for services at a continuing care retirement community is cancelled, (3) changes the procedures for certain financial disclosures for continuing care retirement communities, and (4) makes other technical and conforming changes which do not result in a fiscal impact.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.