Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

105 ILCS 5/11C-7

(105 ILCS 5/11C-7) (from Ch. 122, par. 11C-7)

Sec. 11C-7.

Credited appraised value of property and funds.

Each district
which is created so as to include a part of another district shall be credited
with the appraised value of the property and of the funds described in Sections

11C-4 and 11C-5 of this Act, less the unfunded indebtedness described in
Section 11C-6 of this Act, in the proportion which the number of children
in average daily attendance for the last full school year preceding the
filing of the petition from
the part of the district so included bears to the total number of children
in average daily attendance from such district for such period, and the
balance shall be credited
to the district from which territory is taken.

(Source: P.A. 83-686.)

105 ILCS 5/11C-8

(105 ILCS 5/11C-8) (from Ch. 122, par. 11C-8)

Sec. 11C-8.

Reports.

The regional superintendent is hereby
given the power to require reports from the treasurer or any other officer
of the district from which territory is taken to give it any information
necessary for it to perform its functions hereunder and to require from time to time
transfers of funds from one treasurer to another, or if the districts have
a common treasurer from the funds held by such treasurer for one district
to the funds held by such treasurer for the other district as may be necessary
to give effect to the accounting herein provided for.

(Source: P.A. 83-686.)