Illinois Code § 30 ILCS 605/1.04

"Transferable property" means and includes all tangible personal
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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.

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