| TO: | Honorable Patrick M. Rose, Chair, House Committee on Human Services |
| FROM: | John S. O'Brien, Director, Legislative Budget Board |
| IN RE: | HB2972 by Coleman (Relating to the definition of a controlling person of an assisted living facility.), As Introduced |
The bill would amend the Health and Safety Code as it relates to the definition of a controlling person of an assisted living facility.
The bill would add stock holder, limited liability partner, and investor to the list of persons who are not controlling persons, if the person does not exercise formal or actual influence or control over the operation of an assisted living facility. The bill would also provide that no rule adopted that defines a controlling person can include a person who owns the common stock of a publicly traded organization in the normal course of its business as an investment firm that exerts no control over the day to day operation of an assisted living facility.
It is assumed that any costs associated with the provisions of the bill could be absorbed within existing resources.
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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