(25 ILCS 82/20)
Sec. 20.
Requisites and contents.
The note shall be factual in
nature, as brief and concise as may be, and shall provide a reliable
estimate in dollars, and, in addition, it shall include both the immediate
effect and, if determinable or reasonably foreseeable, the long range
effect of the measure. A housing affordability impact note shall be
prepared on the basis of a single family residence and may include an
estimate for a larger development as an analysis of the long range effect
of a measure. If, after careful investigation, it is determined that no
dollar estimate is possible, the note shall contain a statement to that
effect, setting forth the reasons why no dollar estimate can be given. A
brief summary or work sheet of computations used in arriving at housing
affordability impact note figures shall be included.
(Source: P.A. 87-1149.)
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