General Assembly Substitute Bill No. 1023 January Session, 2013 *_____SB01023HS_APP032113____* General Assembly Substitute Bill No. 1023 January Session, 2013 *_____SB01023HS_APP032113____* AN ACT CONCERNING REVENUE RETENTION BY NONPROFIT HEALTH AND HUMAN SERVICES PROVIDERS. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective July 1, 2013) (a) Any nonprofit provider organization that is a party to a contract with a state agency pursuant to section 4-70b of the general statutes for the provision of health or human services shall retain one hundred per cent of the difference between the actual expenditures incurred by such organization and the amount it receives under the contract that is not otherwise restricted by federal grant requirements, provided such organization (1) has met the performance requirements of such contract, and (2) is in compliance with the regulatory requirements and standards developed by the contracting state agency. (b) Not later than ninety days after the end of each fiscal year, any state agency which contracts with a nonprofit provider organization for the provision of health or human services shall determine if such organization is in compliance with the performance requirements of such contract and the regulatory requirements and standards developed by the agency. The contracting state agency shall promptly notify such organization of its determination. This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2013 New section This act shall take effect as follows and shall amend the following sections: Section 1 July 1, 2013 New section HS Joint Favorable Subst. C/R APP HS Joint Favorable Subst. C/R APP