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