VA HB717

Requires entering operators to obtain a change of operator license from the Commissioner of Health before taking over nursing home operations, with applications due 45-90 days before the proposed effective date depending on whether resident relocation is involved.

Mandates disclosure of all direct and indirect owners with at least 5% ownership in the entering operator, building owner, and related parties, plus disclosure of any closures, bankruptcies, license revocations, or regulatory actions within the preceding five years.

Requires entering operators to post a bond or financial security of $10,000 per licensed bed, maintained for five years, which the Commissioner may use to cover expenses related to closure, bankruptcy, receivership, or license revocation.

Entering operators or individuals with operational control must have at least five years of experience as a nursing home administrator or in operational control of a nursing home.

Imposes civil penalties of $2,000 for failing to notify the Commissioner of application changes and $2,000 per day for completing an operator change without proper application or providing fraudulent information.