(105 ILCS 5/12-26) (from Ch. 122, par. 12-26)
Sec. 12-26.
Transferred territory liable for indebtedness-Levy of tax.
If any non-high school district or protectorate high school district has
outstanding debts and obligations other than bonded indebtedness the
territory constituting the district at the time the indebtedness is
incurred shall remain liable for the indebtedness even though the district
is dissolved or a part of the territory is detached from or ceases to be a
part of such district.
The board of education of the non-high school district or protectorate
high school district at the time of making its annual tax levy or prior to
the time it ceases to exist shall prepare and file with the county clerk a
map of the district showing the territory embraced therein prior to any
dissolution or change in the boundary thereof and shall also file with the
county clerk a statement certified by the county superintendent of schools
showing the amount of outstanding debts or obligations other than bonded
indebtedness of the district remaining unpaid, the time when the
indebtedness was created, the changes in the boundary of the district and
the date of such changes.
The board of education shall determine and certify to the county clerk
the amount of tax required for the purpose of paying the outstanding debts
or obligations other than bonded indebtedness and the county clerk shall
extend each year upon all the territory so liable a rate of tax necessary
to raise the amount thereof at the maximum rate permissible at the time the
territory ceased to be non-high school territory or protectorate high
school territory until such outstanding debts or obligations other than
bonded indebtedness have been paid.
When collected the tax shall be paid to the county superintendent of
schools who shall pay the debts and obligations other than bonded
indebtedness in the order that they were incurred.
(Source: P.A. 76-124.)
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