Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 755 - HOSPITAL BASIC SERVICES PRESERVATION ACT
Section 755.200 - Definitions

Universal Citation: 74 IL Admin Code ยง 755.200
Current through Register Vol. 48, No. 12, March 22, 2024

The following words or phrases, when used in this Part, shall have the meanings ascribed to them in this Section.

"Act" - the Hospital Basic Services Preservation Act [20 ILCS 4050 ].

"Basic Services" - emergency room and obstetrical service provided within a hospital. "Basic services" is limited to the emergency room and obstetric units and services provided within those units [20 ILCS 4050/5 ].

"Eligible Expenses" - expenses for expanding obstetrical or emergency units, updating equipment, repairing essential equipment, and purchasing new equipment that will increase the quality of basic services provided. "Eligible expenses does not include expenses relating to cosmetic upgrades, staff expansion or salary, or structural expansion of any unit or department of a hospital. [20 ILCS 4050/5 ]

"Essential Community Hospital Provider" - an Illinois general acute care hospital as described in 89 Ill. Adm. Code 148.270(c)(1) that would not otherwise be able to meet financial institution credit standards for issuance of a standard commercial loan or obtain the loan at an affordable rate.

"Fund" - the Hospital Basic Services Preservation Fund established in Section 10 of the Act.

"Treasurer" - the Office of Illinois State Treasurer.

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