IL HB2563 | 2025-2026 | 104th General Assembly
Status
Sponsorship: Partisan Bill (Democrat 6)
Status: Introduced on February 4 2025 - 25% progression, died in committee
Action: 2026-04-17 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Introduced on February 4 2025 - 25% progression, died in committee
Action: 2026-04-17 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Summary
Amends the Common Interest Community Association Act. Requires a common interest association to conduct and update a reserve study every 5 years. "Reserve study" means an analysis of the reserves required for future major maintenance, repairs, and replacements of the common elements. Grants a 5-year window for an association to conduct a reserve study or update a current study. Requires a reserve study to be made available to any prospective purchaser of a unit upon request for a resale of any unit in the community. Exempts an association with 15 or fewer units but still requires the board to comply with the budgeting and reserve requirements elsewhere in the Act. Amends the Condominium Property Act to make similar changes.
Title
CONDO-RESERVE STUDY
Sponsors
| Rep. Kambium Buckner [D] | Rep. Rick Ryan [D] | Rep. Harry Benton [D] | Rep. Janet Yang Rohr [D] |
| Rep. Jay Hoffman [D] | Rep. Barbara Hernandez [D] |
Roll Calls
2026-03-26 - House - House Judiciary - Civil Committee (Y: 20 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2026-04-17 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2026-04-08 | House | Placed on Calendar Order of 3rd Reading - Short Debate |
| 2026-04-08 | House | Second Reading - Short Debate |
| 2026-03-27 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2026-03-26 | House | House Committee Amendment No. 1 Tabled |
| 2026-03-26 | House | Do Pass / Short Debate Judiciary - Civil Committee; 020-000-000 |
| 2026-03-25 | House | Motion to Suspend Rule 21 - Prevailed 072-039-000 |
| 2026-03-25 | House | Motion Filed to Suspend Rule 21 Judiciary - Civil Committee; Rep. Robyn Gabel |
| 2026-03-25 | House | Added Co-Sponsor Rep. Barbara Hernandez |
| 2026-03-24 | House | Assigned to Judiciary - Civil Committee |
| 2026-01-28 | House | Added Co-Sponsor Rep. Jay Hoffman |
| 2026-01-28 | House | Chief Sponsor Changed to Rep. Kam Buckner |
| 2025-08-26 | House | Added Co-Sponsor Rep. Janet Yang Rohr |
| 2025-03-21 | House | House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee |
| 2025-03-21 | House | Rule 19(a) / Re-referred to Rules Committee |
| 2025-03-18 | House | Added Co-Sponsor Rep. Harry Benton |
| 2025-03-13 | House | House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee |
| 2025-03-12 | House | To Commercial & Property Law Subcommittee |
| 2025-03-12 | House | House Committee Amendment No. 1 Referred to Rules Committee |
| 2025-03-12 | House | House Committee Amendment No. 1 Filed with Clerk by Rep. Terra Costa Howard |
| 2025-03-04 | House | Assigned to Judiciary - Civil Committee |
| 2025-02-04 | House | Referred to Rules Committee |
| 2025-02-04 | House | First Reading |
| 2025-02-04 | House | Added Chief Co-Sponsor Rep. Rick Ryan |
| 2025-02-04 | House | Filed with the Clerk by Rep. Terra Costa Howard |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 765 | 160 | 1-32 | New Code | See Bill Text |
| 765 | 160 | 1-35 | Amended Code | Citation Text |
| 765 | 605 | 18.5 | Amended Code | Citation Text |
| 765 | 605 | 22.1 | Amended Code | Citation Text |
