TITLE 44: GOVERNMENT CONTRACTS, GRANTMAKING, 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
All equipment with an acquisition value of $500 or more and equipment that is subject to theft with a value less than $500 must be reported to CMS by the holding agency. Equipment with an acquisition value of less than $500 that is not subject to theft is not subject to reporting; however, agencies will be responsible for establishing and maintaining internal control records over these items.
(Source: Amended at 40 Ill. Reg. 7569, effective May 6, 2016)