Bill Text: NY A05589 | 2015-2016 | General Assembly | Introduced

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Bill Title: Requires nursing homes that maintain a trust fund or funds into which residents money is deposited to conduct quarterly audits and to report the findings of such audits to the commissioner of public health.

Spectrum: Partisan Bill (Democrat 6-0)

Status: (Introduced - Dead) 2016-01-06 - referred to health [A05589 Detail]

Download: New_York-2015-A05589-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5589
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 27, 2015
                                      ___________
       Introduced  by M. of A. SEPULVEDA, CRESPO -- Multi-Sponsored by -- M. of
         A. BRENNAN, COOK, PERRY, RIVERA --  read  once  and  referred  to  the
         Committee on Health
       AN  ACT to amend the public health law, in relation to requiring nursing
         homes that maintain a trust fund or funds into which residents'  money
         is deposited to conduct quarterly audits and to report the findings of
         such audits to the commissioner of public health
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The public health law is amended by adding  a  new  section
    2  2862-a to read as follows:
    3    S  2862-A. AUDITS OF TRUST FUND ACCOUNTS. 1. EACH NURSING HOME COMPANY
    4  SUBJECT TO THE PROVISIONS OF THIS ARTICLE SHALL,  AT  ITS  OWN  EXPENSE,
    5  ARRANGE FOR QUARTERLY FINANCIAL AUDITS OF ALL BOOKS AND RECORDS PERTAIN-
    6  ING  TO  EACH  TRUST  FUND ACCOUNT INTO WHICH MONEYS OF RESIDENTS OF THE
    7  NURSING HOME FACILITIES OPERATED BY THE COMPANY ARE DEPOSITED.  A  SEPA-
    8  RATE  AUDIT  SHALL BE CONDUCTED FOR EACH NURSING  HOME FACILITY OPERATED
    9  BY THE COMPANY IN THIS STATE.
   10    2. THE AUDITS SHALL BE CONDUCTED BY A THIRD  PARTY  UNAFFILIATED  WITH
   11  THE  NURSING  HOME  COMPANY  AND  SHALL  BE CONDUCTED FOR THE PURPOSE OF
   12  ENSURING THAT RESIDENTS' MONEYS ARE NOT MISAPPROPRIATED.
   13    3. COPIES OF THE REPORT OF  SUCH  AUDITS  SHALL  BE  PROVIDED  TO  THE
   14  COMMISSIONER WITHIN SIXTY DAYS OF THE COMPLETION OF THE AUDIT.
   15    4. THE COMMISSIONER MAY EXAMINE AND AUDIT THE BOOKS AND RECORDS OF THE
   16  COMPANY AT ANY TIME.
   17    S  2. This act shall take effect on the first of January next succeed-
   18  ing the date upon which it shall become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01587-01-5