HB 25-1184 Fiscal Note Legislative Council Staff Nonpartisan Services for Colorado’s Legislature HB 25-1184: COMMUNITY-BASED CONTINUING CARE FOR SENIORS Prime Sponsors: Rep. Paschal; Hartsook Sen. Roberts; Carson Published for: House Health & Human Services Drafting number: LLS 25-0771 Fiscal Analyst: Kristine McLaughlin, 303-866-4776 kristine.mclaughlin@coleg.gov Version: Initial Fiscal Note Date: February 19, 2025 Fiscal note status: The fiscal note reflects the introduced bill. Summary Information Overview. The bill allows life care institutions to offer community-based services and places requirements on contracts for those services. Types of impacts. The bill is projected to affect the following areas on an ongoing basis: Minimal State Workload Appropriations. No appropriation is required. Table 1 State Fiscal Impacts Type of Impact Budget Year FY 2025-26 Out Year FY 2026-27 State Revenue $0 $0 State Expenditures $0 $0 Transferred Funds $0 $0 Change in TABOR Refunds $0 $0 Change in State FTE 0.0 FTE 0.0 FTE Page 2 February 19, 2025 HB 25-1184 Summary of Legislation Under current law, life care institutions charge a one-time fee for lifetime access to services in a residential facility and are regulated by the Department of Regulatory Agencies (DORA). The bill allows these institutions to provide limited services in a community setting or in a private residence, places disclosure requirements on these service contracts, and specifies when they may be canceled and refunded. State Expenditures DORA currently regulates the six life care institutions that operate in Colorado. Workload will increase to regulate their community-based services in accordance with the bill. Given the limited number of such life care institutions, the work is expected to be minimal. Effective Date The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming no referendum petition is filed. State and Local Government Contacts Regulatory Agencies The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each fiscal year. For additional information about fiscal notes, please visit the General Assembly website.