DD FACILITY-ASSET MGMT COMPANY

Summary

The bill tells Illinois licensing agencies to adopt rules that force certain care facilities to reveal if they are owned or managed by an asset‑management fund and to report key financial data each quarter. It also requires notice before any major sale or transfer of assets and bans actions that could push the facility into financial distress. Violations would be treated as consumer‑fraud offenses, and the information must be posted publicly.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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