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Public Act 095-0129


 

Public Act 0129 95TH GENERAL ASSEMBLY



 


 
Public Act 095-0129
 
HB0759 Enrolled LRB095 07949 AJO 28111 b

    AN ACT concerning property.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 1. Short title. This Act may be cited as the
Condominium Advisory Council Act.
 
    Section 5. Definitions. In this Act:
    "Condominium" refers to property described in the
Condominium Property Act.
    "Council" means the Condominium Advisory Council.
 
    Section 10. Condominium Advisory Council.
    (a) Subject to appropriation, the Condominium Advisory
Council is created within the Department of Revenue. Subject to
appropriation, the Department of Revenue shall provide
administrative and financial support to the Council. The
Council shall be composed of 7 members appointed as follows:
        (1) Four members of the General Assembly, one each
    appointed by the President of the Senate, the Minority
    Leader of the Senate, the Speaker of the House of
    Representatives, and the Minority Leader of the House of
    Representatives.
        (2) Three members of the public who have knowledge or
    ownership interests in condominiums appointed by the
    Governor.
    (b) The Governor shall designate one of the members of the
Council as chairperson. The Council may chose such other
officers as it deems appropriate. The Council shall meet at the
call of the chairperson.
    (c) The members of the Council shall receive no
compensation for their services as members of the Council but
may be reimbursed for actual expenses incurred in the
performance of their duties on the Council from appropriations
made to them for such purpose.
    (d) A majority of the members of the Council shall
constitute a quorum to do business and a majority vote of the
members of the Council shall be necessary for a decision of the
Council.
 
    Section 15. Council duties. The Council shall:
    (1) identify issues facing condominium owners, condominium
associations, and other persons who have financial interests in
condominiums;
    (2) study the Condominium Property Act and related Acts
that affect condominium ownership and suggest legislation to
the General Assembly to amend those Acts; and
    (3) report its findings and recommendations to the Governor
and General Assembly by January 31, 2008.
 
    Section 20. Dissolution of Council. The Council shall be
dissolved 30 days after it reports its findings and
recommendations to the Governor and General Assembly.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/13/2007