MI SB0885

Establishes a "nonpublic continuing care retirement center" license for residential communities housing predominantly individuals over age 62 that are registered under continuing care community disclosure laws or licensed as homes for the aged.

Allows licensees to sell and serve beer, wine, mixed spirit drinks, mixed wine drinks, and spirits at retail on premises for consumption by residents and their bona fide guests only.

Limits total licenses issued under this section to 25, with a maximum of 20 licenses for continuing care communities and a maximum of 5 licenses for homes for the aged.

Permits transfer of surrendered licenses to new business owners who meet the same eligibility conditions as the previous licensee.

Effective date: March 8, 2017 (90 days after enactment on December 8, 2016).