BILL NUMBER:  SB 475
  VETOED	DATE: 10/11/2015




To the Members of the California State Senate:

I am returning Senate Bill 475 without my signature.

This bill would change the way Continuing Care Retirement Communities
repay a resident's entrance fee under the purchase contract, and
establish interest penalties if repayment is not made and the unit
has not been resold within a time certain.  The bill would also
establish a process at the Department of Social Services to
investigate whether a good faith effort was made to resell the unit.

As California's aging population continues to grow, the need for
elder care and housing options will also increase. One of the options
is Continuing Care Retirement Communities, which provide retirees
with housing and varying levels of care and services throughout the
remainder of their lives.

While it is important that residents who buy into these communities
be treated fairly, this bill would change the terms of contracts
entered into by willing participants.  It would also insert the
department into the resolution of contract disputes.  For these
reasons, I am not signing this bill.

Sincerely,



Edmund G. Brown Jr.