§ 5010.710

Ill. Admin. Code tit. 44, § 5010.710

Determination of Appraised Value

Effective May 3, 201943 Ill. Reg. 5637AUTHORITY: Implementing and authorized by Sections 67.15 and 67.22 of the Civil Administrative Code of Illinois [20 ILCS 405/67.15 and 67.22] and Sections 1 through 7, 8 and 9 of the State Property Control Act [30 ILCS 605/1-7, 8 and 9].DEPARTMENT OF CENTRAL MANAGEMENT SERVICES

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)