HB5334 Engrossed

LRB094 17270 RLC 52560 b






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    AN ACT concerning property.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 1. Short title. This Act may be cited as the 
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Condominium Advisory Council Act.
 
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    Section 5. Definitions. In this Act:
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    "Condominium" refers to property described in the 
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Condominium Property Act.
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    "Council" means the Condominium Advisory Council.
 
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    Section 10. Condominium Advisory Council. 
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    (a)  Subject to appropriation, the Condominium Advisory 
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Council is created within the Department of Revenue.   Subject to 
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appropriation, the Department of Revenue shall provide 
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administrative and financial support to the Council. The 
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Council shall be composed of 7 members appointed as follows:
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        (1) Four members of the General Assembly, one each 
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    appointed by the President of the Senate, the Minority 
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    Leader of the Senate, the Speaker of the House of 
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    Representatives, and the Minority Leader of the House of 
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    Representatives.
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        (2) Three members of the public who have knowledge or 
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    ownership interests in condominiums appointed by the 
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    Governor.
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    (b) The Governor shall designate one of the members of the 
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Council as chairperson.  The Council may chose such other 
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officers as it deems appropriate.  The Council shall meet at the 
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call of the chairperson.  
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    (c) The members of the Council shall receive no 
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compensation for their services as members of the Council but 
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may be reimbursed for actual expenses incurred in the 
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performance of their duties on the Council from appropriations 
 


 






HB5334 Engrossed
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LRB094 17270 RLC 52560 b




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made to them for such purpose. 
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    (d) A majority of the members of the Council shall 
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constitute a quorum to do business and a majority vote of the 
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members of the Council shall be necessary for a decision of the 
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Council.  
 
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    Section 15. Council duties. The Council shall:
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    (1) identify issues facing condominium owners, condominium 
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associations, and other persons who have financial interests in 
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condominiums;
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    (2) study the Condominium Property Act and related Acts 
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that affect condominium ownership and suggest legislation to 
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the General Assembly to amend those Acts; and
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    (3) report its findings and recommendations to the Governor 
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and General Assembly by January 31, 2007. 
 
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    Section 20. Dissolution of Council. The Council shall be 
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dissolved 30 days after it reports its findings and 
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recommendations to the Governor and General Assembly.

 
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    Section 99. Effective date. This Act takes effect upon 
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becoming law.