Illinois General Assembly - Bill Status for SB1593

Illinois General Assembly - Bill Status for SB1593

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Bill Status of SB1593 97th General Assembly

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Short Description: CONDO-EXEMPT SMALL CONDOS

Senate Sponsors
Sen. Pamela J. Althoff and Thomas Johnson

Last Action

Date	Chamber	Action
1/8/2013	Senate	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 605/2.1

from Ch. 30, par. 302.1

Synopsis As Introduced
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.

Senate Committee Amendment No. 1
Deletes a provision that makes specific exemptions for a condominium or a condominium unit owners' association that has annual budgeted assessments of $50,000 or less.

Actions

Date	Chamber	Action
2/9/2011	Senate	Filed with Secretary by Sen. Pamela J. Althoff
2/9/2011	Senate	First Reading
2/9/2011	Senate	Referred to Assignments
2/15/2011	Senate	Added as Co-Sponsor Sen. Thomas Johnson
3/2/2011	Senate	Assigned to Judiciary
3/9/2011	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff
3/9/2011	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/9/2011	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
3/10/2011	Senate	Senate Committee Amendment No. 1 Adopted
3/10/2011	Senate	Do Pass as Amended Judiciary; 006-000-000
3/10/2011	Senate	Placed on Calendar Order of 2nd Reading March 14, 2011
7/23/2011	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/8/2013	Senate	Session Sine Die