General Assembly Raised Bill No. 5240 seeks to amend various statutes related to developmental services, particularly enhancing support for individuals with intellectual disabilities. Key changes include replacing the term "subsidies to" with "subsidies for" regarding financial assistance for housing costs in supervised living arrangements that do not receive housing payments. The bill also introduces new definitions, such as "capital loan agreement," and clarifies what constitutes a "community residential facility." Additionally, it removes outdated eligibility provisions for facilities operational before July 1, 1985, and updates definitions related to loans and renovations.

The legislation modifies the loan structure for organizations developing community residential facilities, allowing the Department of Developmental Services to provide loans covering up to 100% of total property development costs, with renovation costs capped at $100,000. Organizations must submit documentation to ensure appropriate use of funds and maintain licensure or certification for a period aligned with the loan's amortization schedule. The bill also authorizes the State Bond Commission to issue bonds up to $6 million for these loans, emphasizing the need to reserve beds for referrals from state institutions. Overall, Raised Bill No. 5240 aims to improve the infrastructure and funding for community residential services, ensuring they effectively meet the needs of individuals with intellectual disabilities.

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