Senate Bill 557 amends various sections of the Tennessee Code Annotated related to the nursing home assessment, primarily by updating dates to extend the timeline for certain provisions. Specifically, the bill changes references from "FY 2024-2025" to "FY 2025-2026" and adjusts several dates from "July 1, 2024" to "July 1, 2025" across multiple subdivisions in Section 71-5-1003. This includes changes to the timeframes for assessments and payments that nursing homes are required to adhere to, effectively postponing these obligations by one year.

Additionally, the bill modifies Section 71-5-1010 by changing the deadline from "June 30, 2025" to "June 30, 2026." The overall effect of these amendments is to delay the implementation of certain nursing home assessment requirements, with the act set to take effect on July 1, 2025. This adjustment aims to provide nursing homes with additional time to comply with the updated assessment schedule.

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