NJ S4997

Requires licensed providers of community-based residential programs for adults and children with intellectual or developmental disabilities to spend at least 70% of their State and federal revenue on direct care of residents

Mandates annual reporting to the Department of Human Services by October 31, detailing revenue sources and expenditures including staff wages, administrative costs, equipment investments, and profits

Providers failing to meet the 70% direct care ratio must issue credits to the State equal to the shortfall amount, with full payment required by June 30 of the following fiscal year

Authorizes the Commissioner of Human Services to audit provider reports for accuracy and compliance, and to recover any required credits

Requires coordination between the Division of Developmental Disabilities, Division of Medical Assistance and Health Services, and Division of Children's System of Care to implement the requirements