(105 ILCS 5/7-30)
(from Ch. 122, par. 7-30)
Distribution of accumulated funds.
Whenever there has been an accumulation of school funds in the
possession of county collectors in counties in which, after a
reorganization of school districts, there has been no distribution of such
funds for a period of 3 years, such funds shall be distributed as follows:
Each district which lies in whole or in part within such county shall
receive that proportion of the funds computed by dividing the number of
students in such county enrolled in the common schools of that district by
the total number of students in the county enrolled in all common schools.
Each such county collector shall obtain from the county superintendent
of schools the necessary enrollment figures and shall thereupon distribute
such funds as hereinabove provided for.
(Source: Laws 1961, p. 31.)