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)