Illinois General Assembly - Full Text of SB0155
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Full Text of SB0155  94th General Assembly



State of Illinois
2005 and 2006


Introduced 2/2/2005, by Sen. Carole Pankau


770 ILCS 60/1.2 new

    Amends Mechanics Lien Act. Permits a lien for leasing construction equipment used for improving real estate. Excludes improvements to single family residences or multi-family residences with fewer than 12 units in a single building. Effective immediately.

LRB094 07297 LCB 37455 b





SB0155 LRB094 07297 LCB 37455 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 persons
8 who would otherwise have a lien under this Act, any person,
9 whether contractor or subcontractor, who leases construction
10 equipment to another for use in the process of constructing an
11 improvement to real estate, has a lien for the rental value of
12 the construction equipment to the same extent and in the same
13 manner as provided in this Act for other liens. This Section
14 shall apply only if, and to the extent that, the equipment is
15 used on or about the site of the improvement or is used to haul
16 materials to or from the site. This Section does not apply if
17 the improvement is either a single family residence or a
18 multi-family residence of fewer than 12 units in a single
19 building.
20     Section 99. Effective date. This Act takes effect upon
21 becoming law.