Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
Part 5010 - MARKING, INVENTORY, TRANSFER AND DISPOSAL OF STATE-OWNED PERSONAL PROPERTY
Subpart F - SCRAP SALES AND PROCEDURES
Section 5010.1010 - Proceeds of Sale of Scrap
Universal Citation: 44 IL Admin Code ยง 5010.1010
Current through Register Vol. 48, No. 38, September 20, 2024
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.
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