Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
Part 4 - CHIEF PROCUREMENT OFFICER FOR PUBLIC INSTITUTIONS OF HIGHER EDUCATION STANDARD PROCUREMENT
Subpart V - MISCELLANEOUS PROVISIONS OF GENERAL APPLICABILITY
Section 4.7010 - University Furnished Property

If the university provides any property to the vendor in furtherance of the contract, the property shall remain the property of the university but may be consumed by the vendor if necessary to complete the contract. Vendor will issue a receipt for the property and will be responsible for its safekeeping and for return of unused property to the university.