Illinois Enacts New Financial Disclosure Requirements For Disability Provider Organizations
A new Illinois law will require certain developmental disability provider organizations to disclose whether they are owned, managed, or contained within a fund owned or managed by an asset management company beginning July 1, 2027. Organizations with such relationships will face quarterly public financial reporting requirements and new advance-notice requirements for certain transactions. House Bill (HB) 4728 was signed into law on July 31, 2026.
The requirements apply to adult developmental training provider organizations, community living facilities, facilities serving people with medically complex developmental disabilities or intellectual/developmental disabilities (I/DD), community developmental services agencies licensed to provide community . . .
