Ill. Admin. Code tit. 74 § 900.40

Current through Register Vol. 48, No. 44, November 1, 2024

Section 900.40 - Statement Indicating That Interest Penalty May Be Available

a) The remittance advice of each commercial payment must contain the following statement or words of similar meaning:

"Payment of interest may be available if the State fails to comply with the State Prompt Payment Act [30 ILCS 540 ]."

b) In the case of electronic payments, the statement may be transmitted electronically or otherwise reflected within the information authorizing electronic payments.

Ill. Admin. Code tit. 74, § 900.40

Amended at 26 Ill. Reg. 14666, effective September 19, 2002