TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING,
PROCUREMENT AND PROPERTY MANAGEMENT
SUBTITLE D: PROPERTY MANAGEMENT
CHAPTER I: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES
PART 5010 MARKING, INVENTORY, TRANSFER AND DISPOSAL OF STATE-OWNED PERSONAL PROPERTY
SECTION 5010.710 DETERMINATION OF APPRAISED VALUE
SUBTITLE D: PROPERTY MANAGEMENT
CHAPTER I: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES
PART 5010 MARKING, INVENTORY, TRANSFER AND DISPOSAL OF STATE-OWNED PERSONAL PROPERTY
SECTION 5010.710 DETERMINATION OF APPRAISED VALUE
Section 5010.710 Determination of Appraised Value
a) For purposes of a sale of equipment to Priority Agencies, the appraised value shall be determined by the Administrator using prevailing industry standards and based on the condition of the property.
b) Scrap metal shall be priced at its cash market price at the time of sale.
(Source: Amended at 43 Ill. Reg. 5637, effective May 3, 2019)