Sen. John J. Cullerton
Filed: 5/14/2008
 
 

 




 

 		












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LRB095 14969 HLH 50865 a






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AMENDMENT TO HOUSE BILL 4196 




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    AMENDMENT NO. ______. Amend House Bill 4196, AS AMENDED, 
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with reference to page and line numbers of Senate  Amendment No. 
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2, on page 1, line 5, by replacing "Section 21-253" with 
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"Sections 21-253 and 21-260.5"; and

 
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on page 2, immediately below line 5, by inserting the 
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following:
 
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    "(35 ILCS 200/21-260.5 new)

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    Sec. 21-260.5. Scavenger sale procedures; condominiums and 
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townhomes.  For a condominium or townhome sold pursuant to this 
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Division, the collector must provide notice, sent by certified 
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mail with return receipt requested,  to the condominium or 
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townhome association that is associated with the property.  The 
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notice must state that the condominium or townhome association 
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may exercise the right of first refusal, if any,  that the 
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association may have to purchase the property based upon the 
 


 






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association's declaration, bylaws, or other binding documents.  
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Within 30 days after receiving notice under this Section, the 
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association shall notify the collector if any such right of 
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first refusal exists as well as the terms of that right of 
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first refusal.  The condominium or townhome may not be publicly 
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sold under this Division until the time has passed for the 
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association to exercise its right of first refusal.".