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| | HB1680 Engrossed | | LRB098 09599 HLH 39745 b |
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| 1 | | AN ACT concerning finance.
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| 2 | | Be it enacted by the People of the State of Illinois, |
| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The State Property Control Act is amended by |
| 5 | | changing Section 6.04 as follows:
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| 6 | | (30 ILCS 605/6.04) (from Ch. 127, par. 133b9.4)
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| 7 | | Sec. 6.04.
Annually, and upon at least 30 days notice, the |
| 8 | | administrator
may require each responsible officer to make, or |
| 9 | | cause to be made, an
actual physical inventory check of all |
| 10 | | items of property under his
jurisdiction and control and said |
| 11 | | inventory shall be certified to the
administrator with a full |
| 12 | | accounting of all errors or exceptions reported
therein. |
| 13 | | Notwithstanding any other provision of law, with respect to all |
| 14 | | responsible officers that are subject to this Section, |
| 15 | | including, but not limited to, presidents of public |
| 16 | | universities and colleges, the administrator shall require a |
| 17 | | listing of only those equipment items valued in excess of (1) |
| 18 | | $500 for responsible officers of legislative branch agencies |
| 19 | | and (2) $1,000 for all other responsible officers, except that |
| 20 | | (A) the administrator shall require reporting of high theft |
| 21 | | equipment regardless of the value of that equipment, and (B) |
| 22 | | furniture with more than 10 years in service shall not be |
| 23 | | subject to reporting.
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