"Intellectual and Developmental Disabilities Provider Transparency and Financial Accountability Act."

This bill requires organizations in New Jersey that provide care for individuals with intellectual and developmental disabilities to submit detailed financial reports and disclose any business deals involving their own executives or family members. To achieve this, the law mandates that these providers track and report specific costs, such as staff wages, executive salaries, and expenses for marketing or lobbying, using a uniform reporting system developed by the state. Facilities receiving more than $250,000 in public funding must also send quarterly updates to the Department of Human Services, with penalties including withheld payments for failure to comply. Additionally, the State Comptroller will perform annual financial audits to ensure the accuracy of these disclosures and reports.