Illinois Administrative Code
Title 74 - PUBLIC FINANCE
Part 755 - HOSPITAL BASIC SERVICES PRESERVATION ACT
Section 755.600 - Treasurer Review
Universal Citation: 74 IL Admin Code ยง 755.600
Current through Register Vol. 48, No. 12, March 22, 2024
The Treasurer shall be responsible for:
a) Reviewing HFPB's determination as to whether applicant hospitals offer basic services as defined by the Act and this Part.
b) Reviewing HFPB's determination as to whether applicant hospitals are seeking funds to cover eligible expenses as defined by the Act and this Part.
1) Eligible expenses shall be limited to
tangible improvements such as expansion of the emergency and obstetrical units
and the purchase of new equipment. The goal is to increase the quality of the
basic services provided.
2)
Cosmetic improvements and salary increases are specifically excluded from
eligible expenses.
c) Reviewing the hospitals' last audited financial statement to determine whether hospital could have obtained the sought-after funding without the requested collateralization.
d) Determining whether the applicant hospital is an essential care provider as defined by the Act and this Part.
Disclaimer: These regulations may not be the most recent version. Illinois may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
