Senate Bill 557 amends various sections of the Tennessee Code Annotated related to the nursing home assessment, primarily adjusting the fiscal year timelines for certain provisions. Specifically, the bill changes references from "FY 2024-2025" to "FY 2025-2026" in multiple sections, including subdivisions (h)(1) and (c) of Section 71-5-1002 and Section 71-5-1003. Additionally, it updates the effective dates for payments and assessments, moving them from July 1, 2024, to July 1, 2025, across several subdivisions within Section 71-5-1003.

The bill also modifies the deadline for a specific provision in Section 71-5-1010, changing it from "June 30, 2025" to "June 30, 2026." The overall effect of these amendments is to extend the timeline for the nursing home assessment process by one year, with the act set to take effect on July 1, 2025.

Statutes affected:
Introduced: 71-5-1002, 71-5-1003, 71-5-1010