Illinois General Assembly - Bill Status for SB1521

Amends the Common Interest Community Association Act. Provides that any matter discussed in the portion of the board meeting closed to members of the association shall be generally noted in the minutes of the immediately following meeting that is open to any member. Provides that minutes of (i) meetings of the board of directors or managers other than the portion of the board meeting closed to members of the association; (ii) meetings of the membership; or (iii) meetings of committees with decision making authority must be made available to members within 30 calendar days of the meeting unless a subsequent meeting is held less than 30 calendar days after the meeting, in which case the minutes shall be made available to the members no less than one calendar day before the following meeting. Provides that "minutes" includes draft minutes proposed for adoption and marked to indicate draft status until such time as they are adopted. Provides that certain specified common interest community associations having 10 units or less (instead of "either (i) 10 units or less or (ii) annual budgeted assessments of $100,000 or less") are exempt from the Common Interest Community Association Act.

×