Ill. Admin. Code tit. 50, § 4435.50 - Reasonable Compliance Period for Notification
a) Upon receipt of the noncompliance
notification described in Section
4435.40,
other than a notification for failure to timely file pursuant to Section
1A-113(a), (b) and (c) of the Code, the pension fund, governmental unit or
elected or appointed official of a governmental unit notified shall take
immediate steps to comply with the provisions of the Code and/or Department's
regulation(s) specified in the notice [40 ILCS
5/1A-113(d)(2) ] (see P.A. 90-507,
effective August 22, 1997).
b) If
the pension fund, governmental unit or elected or appointed official of a
governmental unit notified fails to comply with the provision(s) of the Code
and/or Department's regulation(s) specified in the noncompliance notification
within 30 days after receipt of such notification, the Director may hold a
hearing pursuant to Section
4435.80
of this Part to determine if a penalty should be assessed in accordance with
the procedures set forth in Section
4435.60
of this Part (see
40 ILCS
5/1A-113(d)(3), P.A. 90-507,
effective August 22, 1997).
Notes
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