Ill. Admin. Code tit. 74, § 900.40 - Statement Indicating That Interest Penalty May Be Available
a) The remittance
advice of each commercial payment must contain the following statement or words
of similar meaning:
"Payment of interest may be available if the State fails to comply with the State Prompt Payment Act [30 ILCS 540 ]."
b) In the case of electronic payments, the
statement may be transmitted electronically or otherwise reflected within the
information authorizing electronic payments.
Notes
Amended at 26 Ill. Reg. 14666, effective September 19, 2002
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