44 Ill. Adm. Code 5000.790
Sale of Surplus
Section 5000
Section 5000.790 Sale of
Surplus
Surplus real property which is
not transferred to another State agency shall be sold. No surplus property
shall be sold for less than fair market value. For property valued by the
Director of DCMS at more than $5,000, fair market value will be established by
averaging two appraisals and adding to that the cost of the appraisals. If the
property is not sold at that price, new appraisals may be requested.