SB0389sam001 95TH GENERAL ASSEMBLY

Sen. Jacqueline Y. Collins

Filed: 3/7/2007

09500SB0389sam001 LRB095 04508 AJO 32889 a

AMENDMENT TO SENATE BILL 389

AMENDMENT NO. ______. Amend Senate Bill 389 on page 1, line 13, by replacing "one" with "2"; and

on page 1, by replacing lines 15 through 17 with the following:

"(A) 50% or more of the condominium units are not occupied by persons with a legal right to reside in the units;

(B) the building has serious violations of any applicable local building code;"; and

on page 1, line 18, by replacing "(B)" with "(C)"; and

on page 1, line 21, by replacing "(C)" with "(D)"; and

on page 1, line 23, by replacing "(D)" with "(E)"; and

on page 2, line 1, by replacing "condominium" with "to 40% or more of the condominium"; and

on page 2, line 3, by replacing "(E)" with "(F)"; and

on page 2, by replacing lines 5 and 6 with the following:

"(G) the board of managers is not managing as required by this Act or is otherwise not functioning, as evidenced by factors that may include the failure to timely elect a board of managers, or extended periods of time during which the board has not met."; and

on page 3, line 19, by inserting "paragraph (2) of" after "under"; and

on page 4, line 5, by replacing "sale" with "the sale"; and

on page 4, by replacing lines 6 through 8 with the following: "time, expenses, and fees as approved by the court, shall be deposited into an"; and

on page 7, line 9, by changing "subsection (e)" to "subsection (d)".