Illinois Administrative Code
Title 44 - GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT
Part 610 - PLUGGING AND RESTORATION CONTRACTS
Subpart E - SALE OF SALVAGE EQUIPMENT
Section 610.530 - Private sale
Universal Citation: 44 IL Admin Code ยง 610.530
Current through Register Vol. 48, No. 38, September 20, 2024
If the estimated salvage values, as determined by the Department, of the abandoned production equipment are less than $2500 per individual item of production equipment, the Department may sell and transfer control of the equipment to any interested party. Payment under term of a private sale shall be by cashier's check or money order payable to the Plugging and Restoration Fund.
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