Date	Chamber	Action
1/12/2011	Senate	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 605/22.3 new

805 ILCS 105/103.40 new

Synopsis As Introduced
Amends the Condominium Property Act and the General Not For Profit Act. Provides that: in the event of a proposed sale of a condominium unit, or a proposed sale of a unit in a common interest community or homeowners' association, by a unit owner other than the developer to a 501(c)(3) organization that intends to lease the unit for the purpose of providing affordable housing, the unit owner must disclose the proposed sale to the board of managers, or to the board of directors in the instance of a common interest community or homeowners' association, and request issuance of a certificate approving the sale to the 501(c)(3) organization for that purpose for as long as the 501(c)(3) organization owns the property; if the board approves the sale and issues a certificate approving the sale, the unit owner must record the certificate with the recorder; and a 501(c)(3) organization may not lease a unit for the purpose of providing affordable housing unless those requirements have been met.

Actions 

Date	Chamber	Action
2/10/2010	Senate	Filed with Secretary by Sen. Dan Cronin
2/10/2010	Senate	First Reading
2/10/2010	Senate	Referred to Assignments
2/24/2010	Senate	Assigned to Judiciary
3/3/2010	Senate	Postponed - Judiciary
3/8/2010	Senate	Rule 3-9(a) / Re-referred to Assignments
1/12/2011	Senate	Session Sine Die

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