Votes: IL HB0220 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Common Interest Community Association Act. Provides that any association with major shared components or significant infrastructure that has had a reserve study conducted on or after January 1, 2020, shall have an updated reserve study conducted within 5 years after the date the reserve study was conducted and at least every 5 years thereafter. Sets forth requirements for the reserve study. Amends the Condominium Property Act. Provides that any association with major shared components or significant infrastructure that has had a reserve study conducted on or after January 1, 2020, shall have an updated reserve study conducted within 5 years after the date the reserve study was conducted and at least every 5 years thereafter. Sets forth requirements for the reserve study. Makes a conforming change.

Spectrum: Bipartisan Bill

Status: (Engrossed) 2024-06-26 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments [HB0220 Detail]

Text: Latest bill text (Engrossed) [HTML]

Voting Records

ChamberVoteDateYeaNayNVAbsTotalResultSourceView
HouseThird Reading in House2024-04-17921711111PassedLinkView


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