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 5010.1010 PROCEEDS OF SALE OF SCRAP
SUBTITLE D: PROPERTY MANAGEMENT
CHAPTER I: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES
PART 5010 MARKING, INVENTORY, TRANSFER AND DISPOSAL OF STATE-OWNED PERSONAL PROPERTY
SECTION 5010.1010 PROCEEDS OF SALE OF SCRAP
Section 5010.1010 Proceeds of Sale of Scrap
a) The Department shall deposit all proceeds from the sale of scrap into the State Surplus Property Revolving Fund or any other fund authorized by the legislature to receive proceeds of the sale.
b) Pursuant to Section 6p-3 of the State Finance Act [30 ILCS 105], if the General Assembly has authorized another fund to receive the proceeds of the sale, the Department shall retain sufficient proceeds to cover the cost of disposal.
(Source: Amended at 43 Ill. Reg. 5637, effective May 3, 2019)