Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 755 - HOSPITAL BASIC SERVICES PRESERVATION ACT
Section 755.400 - Hospital Responsibilities
Current through Register Vol. 48, No. 12, March 22, 2024
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.
