| TO: | Honorable Jane Nelson, Chair, Senate Committee on Health & Human Services |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HB2972 by Coleman (Relating to the definition of a controlling person with respect to the operation of certain assisted living facilities.), As Engrossed |
The bill would amend the Health and Safety Code as it relates to the definition of a controlling person with respect to the operation of certain assisted living facilities.
The would add Subsection (b-1) to Section 247.005, Health and Safety Code, which defines an officer or director of a corporation as a controlling person of an assisted living facility or of a management company or other business entity described by Subsection (b)(1) that is a publicly traded corporation or is controlled by a publicly traded corporation. The term would not include a shareholder or lender of the publicly traded corporation.
The bill would take effect September 1, 2009.
| Source Agencies: | 539 Aging and Disability Services, Department of
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| LBB Staff: | JOB, CL, SJ, LR
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