Ill. Admin. Code tit. 80 § 2210.720

Current through Register Vol. 48, No. 52, December 27, 2024

Section 2210.720 - Funds Outside the State Treasury

a) Pursuant to Section 13.1(b) of the Act, the Agency may establish funds or separate accounts to be held by the Director outside the State treasury. Such funds or accounts may be utilized for the purpose of receiving the transfer of moneys from HIRF.

b) Interest earned on funds or accounts established pursuant to the Act and this Part shall inure to HIRF.

c) Moneys transferred to any funds or accounts shall be used exclusively for transfers to Plan Administrators of self-insured plans or their financial institutions for payments of claims to claimants and health care providers.

Ill. Admin. Code tit. 80, § 2210.720

Added at 47 Ill. Reg. 5329, effective 4/3/2023