IL SB2863 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 17 2016 - 25% progression, died in committee
Action: 2016-07-31 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 17 2016 - 25% progression, died in committee
Action: 2016-07-31 - Pursuant to Senate Rule 3-9(b) / Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Amends the Condominium Property Act. Provides that if a unit owner has filed a written objection to a sale of condominium property within 20 days after the date of the meeting at which the sale was approved, the unit owner may retain ownership of his or her unit if the fair market value is not at least 90% of the price the unit owner paid for the unit. Provides that the changes apply to sales that are pending or commenced on and after the effective date. Effective immediately.
Title
CONDO PROPERTY-FORCED SALES
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-07-31 | Senate | Pursuant to Senate Rule 3-9(b) / Referred to Assignments |
| 2016-05-27 | Senate | Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2016 |
| 2016-04-06 | Senate | Placed on Calendar Order of 2nd Reading April 7, 2016 |
| 2016-04-06 | Senate | Do Pass as Amended Judiciary; 008-000-001 |
| 2016-04-05 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2016-03-16 | Senate | Senate Committee Amendment No. 1 Postponed - Judiciary |
| 2016-03-16 | Senate | Postponed - Judiciary |
| 2016-03-16 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Judiciary |
| 2016-03-15 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2016-03-15 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Connelly |
| 2016-03-09 | Senate | Postponed - Judiciary |
| 2016-03-02 | Senate | Assigned to Judiciary |
| 2016-02-17 | Senate | Referred to Assignments |
| 2016-02-17 | Senate | First Reading |
| 2016-02-17 | Senate | Filed with Secretary by Sen. Michael Connelly |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 765 | 605 | 15 | Amended Code | Citation Text |
