NY A02051

Non-public residential health care facilities that have met minimum staffing level requirements for two consecutive quarters may withdraw equity or transfer assets up to 5% of total reported annual revenue for patient care services, compared to the standard 3% limit for non-compliant facilities

Facilities withdrawing up to 5% (if staffing-compliant) need only provide prior written notification to the commissioner, while withdrawals exceeding the applicable threshold require prior written approval

Creates the "Nursing Home Worker Recruitment and Safety Fund" as a special fund held jointly by the Commissioner of Taxation and Finance and the Comptroller

All fines and civil penalties collected for violations of nursing home minimum staffing requirements must be deposited into the new fund

Fund money must be distributed as grants to residential health care facilities to enhance employee quality of employment and assist with staff recruitment and safety, with grant amounts based on facility census and rate region