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 5010.1300 PROPERTY VALUE
Section 5010.1300 Property Value
a) Personal property which is at least forty years old, which has historic value, or which is of special interest, culturally, scientifically or otherwise, is exempt from the normal methods of disposal described in the State Property Control Act and in these Rules.
b) The Director of the Department of Central Management Services shall determine the final disposition for antiques and historical or special interest property.
1) When the Director of CMS ensures that the criteria in subsection (a) above are met, the following procedure for disposal shall be used:
A) The Director shall attempt to loan or donate such property to public museums or galleries.
B) Right of first refusal shall be vested in the Illinois State Museum and then to any other public museum or publicly owned historical site in Illinois. If no museum in Illinois desires the property, federal museums and historical sites will be given the opportunity to claim the property.
C) Any display of such property shall acknowledge the State's role in the loan or donation.
D) The property shall not later be sold or transferred by the holding entity. Such action will allow the State to immediately reclaim the property.
E) Should no entity wish to receive the property, the Director will dispose by negotiated sale. Minimum price shall be the property's appraised value, as determined prior to the negotiated sale, determined by a qualified appraiser, the appraiser's qualifications having been evaluated and determined in accordance with prevailing industry standards or practices.
2) The Director's choice shall be based on the type of property, the geographical location of the institution requesting the property, and the institution's ability to display the property.
(Source: Amended at 16 Ill. Reg. 17595, effective November 9, 1992)