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| 1 | AN ACT concerning property.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 1. Short title. This Act may be cited as the | ||||||
| 5 | Condominium Advisory Council Act. | ||||||
| 6 | Section 5. Definitions. In this Act: | ||||||
| 7 | "Condominium" refers to property described in the | ||||||
| 8 | Condominium Property Act. | ||||||
| 9 | "Council" means the Condominium Advisory Council. | ||||||
| 10 | Section 10. Condominium Advisory Council. | ||||||
| 11 | (a) Subject to appropriation, the Condominium Advisory | ||||||
| 12 | Council is created within the Department of Revenue. Subject to | ||||||
| 13 | appropriation, the Department of Revenue shall provide | ||||||
| 14 | administrative and financial support to the Council. The | ||||||
| 15 | Council shall be composed of 7 members appointed as follows: | ||||||
| 16 | (1) Four members of the General Assembly, one each | ||||||
| 17 | appointed by the President of the Senate, the Minority | ||||||
| 18 | Leader of the Senate, the Speaker of the House of | ||||||
| 19 | Representatives, and the Minority Leader of the House of | ||||||
| 20 | Representatives. | ||||||
| 21 | (2) Three members of the public who have knowledge or | ||||||
| 22 | ownership interests in condominiums appointed by the | ||||||
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| 1 | Governor. | ||||||
| 2 | (b) The Governor shall designate one of the members of the | ||||||
| 3 | Council as chairperson. The Council may chose such other | ||||||
| 4 | officers as it deems appropriate. The Council shall meet at the | ||||||
| 5 | call of the chairperson. | ||||||
| 6 | (c) The members of the Council shall receive no | ||||||
| 7 | compensation for their services as members of the Council but | ||||||
| 8 | may be reimbursed for actual expenses incurred in the | ||||||
| 9 | performance of their duties on the Council from appropriations | ||||||
| 10 | made to them for such purpose. | ||||||
| 11 | (d) A majority of the members of the Council shall | ||||||
| 12 | constitute a quorum to do business and a majority vote of the | ||||||
| 13 | members of the Council shall be necessary for a decision of the | ||||||
| 14 | Council. | ||||||
| 15 | Section 15. Council duties. The Council shall: | ||||||
| 16 | (1) identify issues facing condominium owners, condominium | ||||||
| 17 | associations, and other persons who have financial interests in | ||||||
| 18 | condominiums; | ||||||
| 19 | (2) study the Condominium Property Act and related Acts | ||||||
| 20 | that affect condominium ownership and suggest legislation to | ||||||
| 21 | the General Assembly to amend those Acts; and | ||||||
| 22 | (3) report its findings and recommendations to the Governor | ||||||
| 23 | and General Assembly by January 31, 2008. | ||||||
| 24 | Section 20. Dissolution of Council. The Council shall be | ||||||
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| 1 | dissolved 30 days after it reports its findings and | ||||||
| 2 | recommendations to the Governor and General Assembly.
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| 3 | Section 99. Effective date. This Act takes effect upon | ||||||
| 4 | becoming law.
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