Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE44. GOVERNMENT CONTRACTS, GRANTMAKING, PROCUREMENT AND PROPERTY MANAGEMENT |
PART1120. OFFICE OF THE COMPTROLLER STANDARD PROCUREMENT |
SUBPARTU. MISCELLANEOUS PROVISIONS OF GENERAL APPLICABILITY |
§1120.7010. Government Furnished Property
Latest version.
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If the IOC provides any property to the vendor in furtherance of the contract, such property shall remain the property of the State but may be consumed by the vendor if necessary to complete the contract. Vendor will issue a receipt for the property and will be responsible for its safekeeping and return of unused property to the State.