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TITLE 44: GOVERNMENT CONTRACTS, PROCUREMENT
AND PROPERTY MANAGEMENT
SUBTITLE D: PROPERTY MANAGEMENT CHAPTER I: DEPARTMENT OF CENTRAL MANAGEMENT SERVICES PART 5010 MARKING, INVENTORY, TRANSFER AND DISPOSAL OF STATE-OWNED PERSONAL PROPERTY SECTION 5010.220 INVENTORY OF EQUIPMENT
Section 5010.220 Inventory of Equipment
a) All equipment with an acquisition value of $500 or more is subject to being reported to CMS by the holding agency. Equipment with an acquisition value of less than $500 is not subject to reporting; however, agencies will be responsible for establishing and maintaining internal control records over these items.
b) All items of equipment with an acquisition value of under $500 are not required to be reported to CMS, except that all firearms, cameras, calculators, antiques, and other items subject to theft must be reported regardless of acquisition cost.
(Source: Amended at 12 Ill. Reg. 10671, effective June 14, 1988) |