Ill. Admin. Code tit. 89, § 140.574 - Capital Rates for Rented Facilities
Capital rates for facilities rented pursuant to arms-length transactions shall be reimbursed in the following manner:
a) Facilities which have been rented on or
after January 1, 1978 will have their capital rate calculated in accordance
with Sections
140.570,
140.571
and
140.572.
b) Facilities which have been rented
continuously from an unrelated party since prior to January 1, 1978 or since
the first day of operation for facilities constructed January 1, 1978 or later
will not have a blended value calculated. The uniform building value will be
substituted for the blended value in Section
140.571(a)(1).
c) The base year for facilities rented prior
to January 1, 1978, will be the year of the initial rental agreement for the
nursing home operator in existence on December 31, 1977. Purchase or lease on
or after January 1, 1978, will not change the base year for the facility. If
the building was owned prior to January 1, 1978, and was subsequently rented,
the base year will be determined based upon provisions in Section
140.570(b)(2).
Notes
Amended at 16 Ill. Reg. 19146, effective December 1, 1992
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