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Senate Bill S10090

2025-2026 Legislative Session

Relates to adult care facility financial statements

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Current Bill Status - In Senate Committee Health Committee

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2025-S10090 (ACTIVE) - Details

See Assembly Version of this Bill:
A10243
Current Committee:
Senate Health
Law Section:
Social Services Law
Laws Affected:
Amd §461-e, Soc Serv L

2025-S10090 (ACTIVE) - Summary

Requires statements to be accompanied by a review performed in accordance with a statement on standards for accounting and review services.

2025-S10090 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10090
 
                             I N  S E N A T E
 
                              April 28, 2026
                                ___________
 
 Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
   printed to be committed to the Committee on Health
 
 AN ACT to amend the social services  law,  in  relation  to  adult  care
   facility financial statements
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The closing paragraph of paragraph (a) of subdivision 4  of
 section  461-e  of the social services law, as amended by chapter 733 of
 the laws of 1994, is amended to read as follows:
   Such statement shall be accompanied by [an opinion] A REVIEW PERFORMED
 IN ACCORDANCE WITH A STATEMENT ON STANDARDS FOR  ACCOUNTING  AND  REVIEW
 SERVICES,  signed by an independent licensed accountant that such finan-
 cial statement represents the financial operations and position  of  the
 facility, except such [opinion] REVIEW shall not be required for facili-
 ties  with  a capacity of nine or less.  NOTHING IN THIS PARAGRAPH SHALL
 PREVENT THE DEPARTMENT FROM REQUIRING AN OPINION, SIGNED BY AN INDEPEND-
 ENT LICENSED ACCOUNTANT THAT SUCH  FINANCIAL  STATEMENT  REPRESENTS  THE
 FINANCIAL  OPERATIONS  AND  POSITION OF THE FACILITY, WHEN IT DETERMINES
 THAT SUCH OPINION  IS REQUIRED AND NECESSARY.
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD14657-02-6



              

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