Illinois Code § 105 ILCS 5/11C-4

Debited school property.
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Sec. 11C-4. 

Debited school property. 

Each district from which territory
is taken shall be debited with the value of the school property remaining
in such district as above determined and each district which is created
so as to include a part of a district shall be debited with the value of
the school property lying within such part of a district.

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