Section 610.530  Private sale

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.

(Source:  Added at 23 Ill. Reg. 3421, effective March 8, 1999)