Definition of Transferable Equipment

Section 5010.600  Definition of Transferable Equipment Transferable equipment is State-owned equipment that is no longer needed and/or useful to the agency currently in possession of it.  Property will normally be designated as transferable by the agency holding possession. Disputes as to whether property is transferable will be resolved by the Administrator.  Determination by the Administrator will be based on: a)         value of property; b)         type of property; c)         current use of property by possessing agency; and d)         other potential use for property.  (See 30 ILCS 605/7.3.)