Ill. Admin. Code tit. 74 § 755.400

Current through Register Vol. 48, No. 45, November 8, 2024

Section 755.400 - Hospital Responsibilities

Each hospital receiving a loan collateralized under the Act shall:

a) Submit documentation that the expenses for which the loan was granted were approved by the Illinois Health Facilities Planning Board (HFPB) in accordance with Section 15(a) of the Act [20 ILCS 4050/15(a)] and the Hospital Basic Services Review Board in accordance with Section 15(b) of the Act [20 ILCS 4050/15(b)] .

b) File quarterly reports with the Treasurer. The reports shall include a cash basis statement of expenditures for the loan proceeds, a loan payment history, and the current loan balance. The cash basis method recognizes revenues and expenses at the time physical cash is actually received or paid out.

Ill. Admin. Code tit. 74, § 755.400