Ill. Admin. Code tit. 74 § 755.600

Current through Register Vol. 48, No. 50, December 13, 2024

Section 755.600 - Treasurer Review

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.

Ill. Admin. Code tit. 74, § 755.600