Ill. Admin. Code tit. 44, § 5010.750 – Method of Sale | Midpage
§ 5010.750
Ill. Admin. Code tit. 44, § 5010.750
Method of Sale
AUTHORITY: 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) All transferable equipment sold to the public shall initially be offered for sale to the highest bidder.
b) The type of bidding procedure chosen for the sale shall be based on the amount, type and value of the property; applicable industry practices and any other appropriate considerations, including safety and security.