Illinois Administrative Code
Title 77 - PUBLIC HEALTH
Part 2060 - ALCOHOLISM AND SUBSTANCE ABUSE TREATMENT AND INTERVENTION LICENSES
Subpart B - LICENSURE REQUIREMENTS
Section 2060.221 - Change of Ownership/Management
Universal Citation: 77 IL Admin Code ยง 2060.221
Current through Register Vol. 48, No. 12, March 22, 2024
a) Each license issued by the Department shall be valid only for the premises and persons named in the application. Licensure is not transferrable. A license shall become null and void when:
1) a change
in ownership involving more than 25% of the aggregate ownership interest within
a one year period or a significant change in management; or
2) a change of 50% or more in the board of
directors of a not-for-profit corporation within a one year period.
b) In order to obtain a new license reflective of the change in ownership the licensee shall submit to the Department:
1) written notification at least
ten calendar days prior to any of the above referenced changes in ownership;
and
2) an application for initial
licensure and the license application fee of $200 per license.
c) Failure to notify the Department within ten calendar days relative to the above referenced changes in ownership will result in the imposition of a license fee of $1000 for each affected license.
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