(210 ILCS 5/7b)
(from Ch. 111 1/2, par. 157-8.7b)
(a) Each licensee shall file an attested financial statement with
the Department by July 1, 1980 and at times thereafter as required. An
audited financial statement may be required of a particular facility, if
the Director determines that additional information is needed.
(b) No public funds shall be expended for the care or treatment of any
patient in an ambulatory surgical treatment center which has failed to file
the financial statement required by this Section, and no public funds shall
be paid to or on behalf of a facility which has failed to file a statement.
(c) The Director shall promulgate regulations for the filing of financial
statements, and shall provide in these regulations for forms, information
required, intervals and dates of filing, and such other provisions as he
may deem necessary. Regulations shall be published in sufficient time to
permit those licensees who must first file financial statements time in which to do so.
(d) The Director shall seek the advice and comments of other State and
Federal agencies which require the submission of financial data from facilities
licensed under this Act and shall incorporate the information requirements
of these agencies into the forms it adopts or issues under this Act and
shall otherwise coordinate its regulations with the requirements of these
agencies so as to impose the least possible burden on licensees. No other
State agency may require submission of financial data except as expressly
authorized by law or as necessary to meet requirements of federal law or
regulation. Information obtained under this Section shall be made available,
upon request, by the Department to any other State agency or legislative
commission to which such information is necessary for investigations or
to execute the intent of State or Federal law or regulation.
(Source: P.A. 81-224.)