NY A06336

Requires the Commissioner of Health to establish up to two demonstration projects by December 31, 2026, allowing equity investors to hold ownership interests in residential health care facilities—one project in upstate New York and one downstate

Each demonstration project may involve the purchase of up to 15 existing residential health care facilities with histories of providing high-quality care

Permits facilities to be operated by limited liability companies whose members are not natural persons, provided at least one member is a qualified natural person responsible for day-to-day management

Exempts equity investors from certain existing disclosure requirements, though the Public Health and Health Planning Council may require disclosure of LLC members if there are no more than 35 investors

Mandates a written evaluation report to the Governor and legislature within two years of the first facility beginning operations, assessing capital investment effectiveness, quality of care, staff retention, and access to care for various populations