(20 ILCS 3501/825-20)
Sec. 825-20.
Financially Distressed City Assistance Program; Findings and
Declarations of Policy. It is hereby found and declared that there exists an
urgent need to reduce involuntary unemployment and economic stagnation within
financially distressed cities and to create therein a more favorable economic
climate for the development of new and improved employment opportunities for
the
citizens of such cities; that to address such need it is necessary to promote
sound financial management and fiscal integrity within such cities in order to
provide a secure financial basis for their continued operation; and that
implementation of a financially distressed city assistance program under the
provisions of this Act is declared to be in the public interest and for the
public benefit.
(Source: P.A. 93-205, eff. 1-1-04.)
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