California 2017-2018 Regular Session Status: In Committee 1 R cosponsors

AB 2033 — Continuing care contracts: repayable contracts.

Last action — Re-referred to Com. on AGING & L.T.C.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2017-2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Existing law establishes the State Department of Social Services and sets forth its powers and duties, including, but not limited to, the certification and regulation of continuing care retirement communities, as defined. Existing law requires a continuing care retirement community to possess a certificate of authority from the department before it can enter into a continuing care contract, as defined. Existing law regulates different types of continuing care contracts, including, among others, a repayable contract. A repayable contract is a continuing care contract that includes a promise to repay all or a portion of an entrance fee that is conditioned upon reoccupancy or resale of the unit previously occupied by the resident. This bill would, for contracts entered into or amended on or after January 1, 2019, revise the definition of a "repayable contract" to also include a contract that includes a promise to repay all or a portion of an entrance fee on a sequential basis from an entrance fee repayment pool that is funded by the resale of units in the pool at the facility, as they become available, would set forth conditions for repayment of these amounts, and would declare that these contracts are subject to the same legal requirements as other repayable contracts.

Bill Text

Action History

  1. Re-referred to Com. on AGING & L.T.C.

  2. From committee chair, with author's amendments: Amend, and re-refer to Com. on AGING & L.T.C. Read second time and amended.

  3. Re-referred to Com. on AGING & L.T.C.

  4. From committee chair, with author's amendments: Amend, and re-refer to Com. on AGING & L.T.C. Read second time and amended.

  5. Referred to Coms. on AGING & L.T.C. and HUM. S.

  6. From printer. May be heard in committee March 9.

  7. Read first time. To print.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 121 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (121)

121 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

housing healthcare
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Frequently asked questions

What does AB 2033 do?
Existing law establishes the State Department of Social Services and sets forth its powers and duties, including, but not limited to, the certification and regulation of continuing care retirement communities, as defined. Existing law requires a continuing care retirement community to possess a certificate of authority from the department before it can enter into a continuing care contract, as defined. Existing law regulates different types of continuing care contracts, including, among others, a repayable contract. A repayable contract is a continuing care contract that includes a promise to repay all or a portion of an entrance fee that is conditioned upon reoccupancy or resale of the unit previously occupied by the resident. This bill would, for contracts entered into or amended on or after January 1, 2019, revise the definition of a "repayable contract" to also include a contract that includes a promise to repay all or a portion of an entrance fee on a sequential basis from an entrance fee repayment pool that is funded by the resale of units in the pool at the facility, as they become available, would set forth conditions for repayment of these amounts, and would declare that these contracts are subject to the same legal requirements as other repayable contracts.
Who sponsors AB 2033?
AB 2033 is sponsored by Choi, Steven S. (Republican).
What is the current status of AB 2033?
This bill died with 2017-2018 Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track AB 2033?
Track AB 2033 free on One Click Politics — get push/email alerts when it moves.

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