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 5010.780 TERMS OF PUBLIC SALE


 

Section 5010.780  Terms of Public Sale

 

a)         The State reserves the right to refuse any or all bids.

 

b)         The State reserves the right to waive informalities in bidding.

 

c)         All equipment is sold "as is", "where is".  The state specifically withholds any and all implied or express warranties on any equipment sold. No refunds will be granted on equipment or vehicle sales.

 

d)         All sales at auctions shall be made on a cash basis.

 

1)         Payment shall be made by cash, check or money order payable to the Surplus Property Revolving Fund.

 

2)         Payment shall be made immediately after the sale, except in the case of sale of scrap by weight.  In that case, payment is to be made as soon as practical after receiving a weight ticket for scrap.

 

e)         Such sales shall be conducted in accordance with the rules for bidding set forth in the CMS Procurement Rules (44 Ill. Adm. Code 1).

 

(Source:  Amended at 16 Ill. Reg. 17595, effective November 9, 1992)