TITLE 77: PUBLIC HEALTH
CHAPTER I: DEPARTMENT OF PUBLIC HEALTH
SUBCHAPTER c: LONG-TERM CARE FACILITIES
PART 300 SKILLED NURSING AND INTERMEDIATE CARE FACILITIES CODE
SECTION 300.250 OWNERSHIP DISCLOSURE


 

Section 300.250  Ownership Disclosure

 

a)         As a condition of the issuance or renewal of the license of any facility, the applicant shall file a statement of ownership.  The applicant shall notify the Department of any change in the information required in the statement of ownership within ten days of the Change. (Section 3-207(a) of the Act)

 

b)         A statement of ownership shall include the following:

 

1)         The name, address, Social Security Number, telephone number, occupation or business activity, business address, business telephone number, and the percent of direct or indirect financial interest of those persons who have a direct or indirect financial interest of five percent or more in the legal entity designated as the operator/licensee of the facility which is the subject of the application or license;

 

2)         The name, address, Social Security Number, telephone number, occupation or business activity, business address, business telephone number, and the percent of direct or indirect financial interest of those persons who have a direct or indirect financial interest of five percent or more in the legal entity that owns the building in which the operator/licensee is operating the facility which is the subject of the application or license; and

 

3)         The name and address of any facility, wherever located, in which the applicant has any ownership interest.  (Section 3-207(b) of the Act)

 

(Source:  Amended at 13 Ill. Reg. 4684, effective March 24, 1989)