Sec. 3-12-9. Sale and Lease of Goods.
155 words·~1 min read·
/il/chapter-730/act-5/3-12-9A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 3-12-9. Sale and Lease of Goods.
(a)The Department shall establish procedures and issue regulations governing the sale and lease of goods. It shall issue a list of all goods available for sale and lease and shall issue certificates to any required purchasers under Section 3-12-7 where the goods requested are not currently available.
(b)Prices shall be determined by the Department as near to the usual market price for such items as possible and shall be uniform for all purchasers.
(c)Any disagreement between the Department and an authorized purchaser or lessee which cannot be resolved between the parties shall be submitted to arbitration. A board of 3 arbitrators shall be chosen: one by the Department; one by the purchaser; and one by the other 2 arbitrators. The decision of the arbitrators shall be final. The arbitrators shall receive no compensation but expenses shall be shared by the parties on an equal basis.