Illinois HB 4728: CHILD CARE COLLABORATION PROG

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 Full Text of HB4728

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HB4728 EnrolledLRB104 17598 KTG 31026 b

1 AN ACT concerning regulation.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Illinois Health Facilities Planning Act is 

5amended by adding Section 5.7 as follows:

6 (20 ILCS 3960/5.7 new)

7 Sec. 5.7. Developmental disability facility ownership 

8disclosures. 

9 (a) This Section applies to the following entities and 

10facilities:

11 (1) providers of adult developmental training services 

12 required to be licensed under the Mental Health and 

13 Developmental Disabilities Administrative Act;

14 (2) community living facilities required to be 

15 licensed under the Community Living Facilities Licensing 

16 Act;

17 (3) facilities required to be licensed under the MC/DD 

18 Act;

19 (4) facilities required to be licensed under the ID/DD 

20 Community Care Act;

21 (5) community developmental services agencies required 

22 to be licensed under the Community-Integrated Living 

23 Arrangements Licensure and Certification Act; and

HB4728 Enrolled- 2 -LRB104 17598 KTG 31026 b

1 (6) institutions and group homes for children required 

2 to be licensed under the Child Care Act of 1969.

3 (b) As used in this Section:

4 "Asset management company" means any business primarily 

5engaged in managing and investing client funds in assets, 

6including, but not limited to, securities, equities, stocks, 

7bonds, real estate, investment funds, mutual funds, 

8exchange-traded funds, hedge funds, private equity funds, and 

9venture capital.

10 "Financially distressed" means any tim