SHAW. 65 ILCS 5/8-12-3 from Ch. 24, par. 8-12-3 65 ILCS 5/8-12-4 from Ch. 24, par. 8-12-4 Amends the Financially Distressed City Law of the Illinois Municipal Code. Allows all municipalities (now, only home rule municipalities) that meet certain criteria to be designated financially distressed cities. Effective immediately. 00-01-20 S FIRST READING 00-01-20 S REFERRED TO SENATE RULES COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary