105 ILCS 5/11C-6

Current through Public Act 103-1056

Section 105 ILCS 5/11C-6 - Credited unfunded indebtedness

Each district from which territory is taken shall be credited with all unfunded indebtedness of such district and with the estimated cost of operating the schools of the district for the balance of the school year if the district from which territory is taken continues to administer the schools until the succeeding July 1 .

105 ILCS 5/11C-6

P.A. 83-686.

Amended by P.A. 094-1019, § 10, eff. 7/10/2006.