Bill Information

An Act regulating facilities operating under "continuing care," "life lease" and "life care" contracts; regulating residents' agreements; establishing the right of residents of such facilities to elect a proportionate number of the members of the managing boards of such facilities; the right of residents of such facilities to have regular financial reports, including detailed accounting for all funds paid by residents that are or may be used for services collateral to the facility but not directly used for residential facilities; and granting right of organizations.