Requires residential psychiatric and long-term care facilities to provide certain financial information to facility residents and other individuals.

S 2319 requires residential psychiatric and long-term care facilities to provide quarterly written financial statements to residents and designated individuals. The bill expands existing requirements to include more facility types (nursing homes, assisted living facilities, dementia care homes, inpatient psychiatric facilities, and continuing care communities) and to provide statements to residents' next-of-kin and individuals designated by residents who are wards of the State, not just residents or guardians. These statements must detail all funds, property deposits, and financial transactions with receipts, showing beginning and ending balances and all deposits and withdrawals. This change increases transparency for vulnerable residents and their trusted advisors, helping protect against potential financial exploitation.