HB 4728: DD FACILITY-ASSET MGMT COMPANY

Summary

Amends the Illinois Health Facilities Planning Act. Requires specified entities to certify to the Health Facilities and Services Review Board whether the entity, its subsidiaries, its affiliates, its parent companies, or any contractual service providers under control of the entity, its subsidiaries, its affiliates, or its parent companies, are owned, managed, or contained within a fund owned or managed by an asset management company. Sets forth required quarterly disclosures. Requires the Board to publish disclosures, written notices, and copies of agreements submitted in accordance with the provision. Provides for penalties for violations of the provision. Effective July 1, 2027.

Latest recorded action

No action recorded yet.

Jul 30, 2026

This is the latest action supplied by the source, not the full legislative history.

Track bills like this one

Mandate alerts you when a bill that matters to your organization moves, and explains what it means.