97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB1873

 

Introduced , by Rep. Angelo Saviano

 

SYNOPSIS AS INTRODUCED:
 
New Act

    Creates the Student Housing Fair Market Rent Act. Provides that the rent for student housing (defined as housing for students of a public university that is sanctioned by the university, but owned by a third party) must not exceed the fair market rent within the municipality or county, if unincorporated, where the housing is located. Effective immediately.


LRB097 05576 NHT 45638 b

FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB1873LRB097 05576 NHT 45638 b

1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 1. Short title. This Act may be cited as the
5Student Housing Fair Market Rent Act.
 
6    Section 5. Definitions. In this Act:
7    "Student housing" means housing for students of a
8university that is sanctioned by the university, but owned by a
9third party.
10    "University" means a public university located in this
11State.
 
12    Section 10. Fair market rent. The rent for student housing
13must not exceed the fair market rent within the municipality or
14county, if unincorporated, where the housing is located.
 
15    Section 99. Effective date. This Act takes effect upon
16becoming law.