IL SB1593 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 8 2013 - 100% progression
Action: 2013-01-08 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Summary

Amends the Condominium Property Act. Creates a new exception to the Act. Provides that the Act applies to all condominiums, except it does not apply (instead of the Act applies to all condominiums unless otherwise expressly provided in the Act) to a condominium or a condominium unit owners' association with either 10 units or less or annual budgeted assessments of $100,000 or less, unless the association affirmatively elects to be covered by this Act by a majority of its directors and unit owners. Provides that a condominium or a condominium unit owners' association that has either 10 units or less or annual budgeted assessments of $50,000 or less is exempt from provisions of the Act concerning board meetings being open to unit owners, quorum requirements at an owners' meeting, special meetings, and notices of meetings, but the board of directors of the association is required to provide notice of meetings to unit owners in a manner and at a time that will allow unit owners to participate in those meetings. Effective immediately.

Tracking Information

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Title

CONDO-EXEMPT SMALL CONDOS

Sponsors


History

DateChamberAction
2013-01-08SenateSession Sine Die
2011-07-23SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments
2011-03-10SenatePlaced on Calendar Order of 2nd Reading March 14, 2011
2011-03-10SenateDo Pass as Amended Judiciary; 006-000-000
2011-03-10SenateSenate Committee Amendment No. 1 Adopted
2011-03-09SenateSenate Committee Amendment No. 1 Assignments Refers to Judiciary
2011-03-09SenateSenate Committee Amendment No. 1 Referred to Assignments
2011-03-09SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff
2011-03-02SenateAssigned to Judiciary
2011-02-15SenateAdded as Co-Sponsor Sen. Thomas Johnson
2011-02-09SenateReferred to Assignments
2011-02-09SenateFirst Reading
2011-02-09SenateFiled with Secretary by Sen. Pamela J. Althoff

Code Citations

ChapterArticleSectionCitation TypeStatute Text
7656052.1Amended CodeCitation Text

Illinois State Sources


Bill Comments

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