093_HB1414eng
HB1414 Engrossed LRB093 07633 LCB 07812 b
1 AN ACT concerning liens.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Mechanics Lien Act is amended by adding
5 Section 1.2 as follows:
6 (770 ILCS 60/1.2 new)
7 Sec. 1.2. Rental equipment liens. In addition to
8 persons who would otherwise have a lien under this Act, any
9 person, whether contractor or subcontractor, who leases
10 construction equipment to another for use in the process of
11 constructing an improvement to real estate, has a lien for
12 the rental value of the construction equipment to the same
13 extent and in the same manner as provided in this Act for
14 other liens. This Section shall apply only if, and to the
15 extent that, the equipment is used on or about the site of
16 the improvement or is used to haul materials to or from the
17 site. This Section does not apply if the improvement is
18 either a single family residence or a multi-family residence
19 of fewer than 12 units in a single building.
20 Section 99. Effective date. This Act takes effect upon
21 becoming law.