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Public Act 100-0193


 

Public Act 0193 100TH GENERAL ASSEMBLY

  
  
  

 


 
Public Act 100-0193
 
HB3658 EnrolledLRB100 07006 MLM 17060 b

    AN ACT concerning finance.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The State Property Control Act is amended by
changing Sections 6.02 and 6.04 as follows:
 
    (30 ILCS 605/6.02)  (from Ch. 127, par. 133b9.2)
    Sec. 6.02. Each responsible officer shall maintain a
permanent record of all items of property under his
jurisdiction and control, provided the administrator may
exempt tangible personal property of nominal value or in the
nature of consumable supplies, or both; and provided further
that "textbooks" as defined in Section 18-17 of The School Code
shall be exempted by the administrator after those textbooks
have been on loan pursuant to that Section for a period of 5
years or more. The listing shall include all property being
acquired under agreements which are required by the State
Comptroller to be capitalized for inclusion in the statewide
financial statements. Each responsible officer shall submit a
listing of the permanent record at least annually to the
administrator in such format as the administrator shall
require. The record may be submitted in either hard copy or
computer readable form. The administrator may require more
frequent submissions when in the opinion of the administrator
the agency records are not sufficiently reliable to justify
annual submissions.
    As used in this Section, "nominal value" means the value of
an item is $1,000 or less. For the purposes of this definition,
the value of the item shall reflect its depreciated value, as
determined by the administrator. The administrator may by rule
set the threshold for "nominal value" at a higher amount.
Nothing in this definition shall be construed as relieving
responsible officers of the duty to reasonably ensure that
State property is not subject to theft.
(Source: P.A. 85-432; 86-1288.)
 
    (30 ILCS 605/6.04)  (from Ch. 127, par. 133b9.4)
    Sec. 6.04. Annually, and upon at least 30 days notice, the
administrator may require each responsible officer to make, or
cause to be made, an actual physical inventory check of all
items of property not of nominal value, as that term is defined
in Section 6.02 of this Act, under his jurisdiction and control
and said inventory shall be certified to the administrator with
a full accounting of all errors or exceptions reported therein.
(Source: Laws 1955, p. 34.)

Effective Date: 1/1/2018