(110 ILCS 805/6-5.5) (from Ch. 122, par. 106-5.5)
Sec. 6-5.5.
Any annexation, disconnection and annexation, or disconnection
accomplished under this Article takes effect on July 1st following the
entry of the order by the regional superintendent or the court, or following the
election, as the case may be. Any territory which is disconnected from a
community college district, except territory that initiates proceedings to
disconnect from its initial district and annex to another community college
district within 30 days after the order for annexation to the first
district, remains subject to taxation to pay its proportionate share of the
bonded indebtedness of that community college district outstanding on the
date the disconnection takes effect but no other part of the district to
which that territory is annexed is subject to taxation on that bonded
indebtedness of the district from which that territory was disconnected.
That territory which initiates proceedings for disconnection from its
initial district and annexation to another community college district
within 30 days of the order for its annexation to its initial district
shall not be considered a part of a community college district until the
disconnection and annexation to another community college district has been
allowed or denied by the State Board.
(Source: P.A. 83-132.)
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