Sen. Jacqueline Y. Collins

Filed: 3/7/2007

 

 


 

 


 
09500SB0389sam001 LRB095 04508 AJO 32889 a

1
AMENDMENT TO SENATE BILL 389

2     AMENDMENT NO. ______. Amend Senate Bill 389 on page 1, line
3 13, by replacing "one" with "2"; and
 
4 on page 1, by replacing lines 15 through 17 with the following:
5             "(A) 50% or more of the condominium units are not
6         occupied by persons with a legal right to reside in the
7         units;
8             (B) the building has serious violations of any
9         applicable local building code;"; and
 
10 on page 1, line 18, by replacing "(B)" with "(C)"; and
 
11 on page 1, line 21, by replacing "(C)" with "(D)"; and
 
12 on page 1, line 23, by replacing "(D)" with "(E)"; and
 
13 on page 2, line 1, by replacing "condominium" with "to 40% or

 

 

09500SB0389sam001 - 2 - LRB095 04508 AJO 32889 a

1 more of the condominium"; and
 
2 on page 2, line 3, by replacing "(E)" with "(F)"; and
 
3 on page 2, by replacing lines 5 and 6 with the following:
4             "(G) the board of managers is not managing as
5         required by this Act or is otherwise not functioning,
6         as evidenced by factors that may include the failure to
7         timely elect a board of managers, or extended periods
8         of time during which the board has not met."; and
 
9 on page 3, line 19, by inserting "paragraph (2) of" after
10 "under"; and
 
11 on page 4, line 5, by replacing "sale" with "the sale"; and
 
12 on page 4, by replacing lines 6 through 8 with the following:
13 "time, expenses, and fees as approved by the court, shall be
14 deposited into an"; and
 
15 on page 7, line 9, by changing "subsection (e)" to "subsection
16 (d)".