(30 ILCS 605/1.04) (from Ch. 127, par. 133b4.1)
Sec. 1.04.
"Transferable property" means and includes all tangible personal
property belonging to the State of Illinois in the possession, custody or
control of any responsible officer or agency, which is not needed or usable
by said officer or agency, including all excess, surplus, or scrap materials;
provided, however, that "textbooks" as defined in Section 18-17 of the School
Code shall not constitute transferable property after those textbooks
have been on loan pursuant to that Section for a period of 5 years or more.
(Source: P.A. 86-1288.)
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