FED SUBSIDIZED HOUSNG PRESERVE Senate SponsorsSen. Iris Y. Martinez, John J. Cullerton-Carol Ronen-William E. Peterson, Miguel del Valle, Jacqueline Y. Collins, Terry Link, James T. Meeks, Lawrence M. Walsh, Denny Jacobs, Gary Forby, James F. Clayborne, Jr., Donne E. Trotter-Mattie Hunter, Ira I. Silverstein, Barack Obama, Debbie DeFrancesco Halvorson, Rickey R. Hendon, Louis S. Viverito, M. Maggie Crotty, Don Harmon, Antonio Munoz, William R. Haine, Susan Garrett and Kimberly A. Lightford House Sponsors(Rep. Julie Hamos-Kenneth Dunkin-Larry McKeon-Eddie Washington-Paul D. Froehlich, Harry Osterman, Karen A. Yarbrough, Marlow H. Colvin, Arthur L. Turner, Sara Feigenholtz, John A. Fritchey, Robert F. Flider, Barbara Flynn Currie, Maria Antonia Berrios, Patricia Bailey, Eileen Lyons, Patricia R. Bellock, Cynthia Soto and Calvin L. Giles) 7/14/2004SenatePublic Act . . . . . . . . . 93-0727 310 ILCS 60/1from Ch. 67 1/2, par. 1151310 ILCS 60/3from Ch. 67 1/2, par. 1153310 ILCS 60/4from Ch. 67 1/2, par. 1154310 ILCS 60/5from Ch. 67 1/2, par. 1155310 ILCS 60/6from Ch. 67 1/2, par. 1156310 ILCS 60/7from Ch. 67 1/2, par. 1157310 ILCS 60/10.1from Ch. 67 1/2, par. 1160.1Amends the Federally Subsidized Housing Preservation Act. Changes the short title to the Federally Assisted Housing Preservation Act, and replaces references to "subsidized housing" with references to "assisted housing". Requires the owner of an assisted housing development to give 12 (instead of 6) months notice of the owner's intent to sell or otherwise dispose of the assisted housing; also requires notice of the owner's intent to complete prepayment or complete termination of the development's participation in a federal subsidy program or termination of the development's affordability restrictions. Provides for representation of a tenant association by a not-for-profit corporation or private purchaser. Requires that the owner offer the property for sale to a tenant association within 60 days after the association has complied with the requirements of the Act concerning notice to the owner. Requires that a tenant association notify the owner of its intent to purchase the property within 90 (instead of 30) days after receiving the owner's offer of sale. Effective immediately.Senate Floor Amendment No. 1 Adds reference to:310 ILCS 60/8from Ch. 67 1/2, par. 1158Further amends the Federally Subsidized Housing Preservation Act. Provides that an appraisal of assisted housing in connection with a sale to a tenant association shall be based on the property's highest and best use. Provides that the Act does not apply to an owner's sale or other disposition of assisted housing in a manner pursuant to which the property after the sale or other disposition continues to be assisted housing as defined in the Act. 1/28/2004SenateFiled with Secretary by Sen. Iris Y. Martinez 1/28/2004SenateFirst Reading 1/28/2004SenateReferred to Rules 2/3/2004SenateAdded as Co-Sponsor Sen. John J. Cullerton 2/4/2004SenateAdded as Co-Sponsor Sen. William E. Peterson 2/4/2004SenateAdded as Chief Co-Sponsor Sen. Carol Ronen 2/4/2004SenateSponsor Removed Sen. William E. Peterson 2/5/2004SenateAdded as Chief Co-Sponsor Sen. William E. Peterson 2/10/2004SenateAssigned to Executive 2/18/2004SenateAdded as Co-Sponsor Sen. Miguel del Valle 2/19/2004SenateAdded as Co-Sponsor Sen. Jacqueline Y. Collins 2/19/2004SenateAdded as Co-Sponsor Sen. Terry Link 2/19/2004SenateAdded as Co-Sponsor Sen. James T. Meeks 2/19/2004SenateAdded as Co-Sponsor Sen. Lawrence M. Walsh 2/19/2004SenateAdded as Co-Sponsor Sen. Denny Jacobs 2/19/2004SenateAdded as Co-Sponsor Sen. Gary Forby 2/19/2004SenateAdded as Co-Sponsor Sen. James F. Clayborne, Jr. 2/19/2004SenateAdded as Co-Sponsor Sen. Donne E. Trotter 2/19/2004SenateAdded as Chief Co-Sponsor Sen. Mattie Hunter 2/19/2004SenateAdded as Co-Sponsor Sen. Ira I. Silverstein 2/19/2004SenateAdded as Co-Sponsor Sen. Barack Obama 2/19/2004SenateAdded as Co-Sponsor Sen. Debbie DeFrancesco Halvorson 2/19/2004SenateAdded as Co-Sponsor Sen. Rickey R. Hendon 2/19/2004SenateAdded as Co-Sponsor Sen. Louis S. Viverito 2/19/2004SenateAdded as Co-Sponsor Sen. M. Maggie Crotty 2/19/2004SenateAdded as Co-Sponsor Sen. Don Harmon 2/19/2004SenateAdded as Co-Sponsor Sen. Antonio Munoz 2/19/2004SenateAdded as Co-Sponsor Sen. William R. Haine 2/19/2004SenateDo Pass Executive; 012-000-000 2/19/2004SenatePlaced on Calendar Order of 2nd Reading February 20, 2004 2/20/2004SenateAdded as Co-Sponsor Sen. Susan Garrett 3/3/2004SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Iris Y. Martinez 3/3/2004SenateSenate Floor Amendment No. 1 Referred to Rules 3/23/2004SenateSenate Floor Amendment No. 1 Rules Refers to Executive 3/24/2004SenateSenate Floor Amendment No. 1 Be Adopted Executive; 010-000-000 3/24/2004SenateSecond Reading 3/24/2004SenateSenate Floor Amendment No. 1 Adopted; Martinez 3/24/2004SenatePlaced on Calendar Order of 3rd Reading March 25, 2004 3/25/2004SenateAdded as Co-Sponsor Sen. Kimberly A. Lightford 3/25/2004SenateThird Reading - Passed; 058-000-000 3/25/2004HouseArrived in House 3/25/2004HousePlaced on Calendar Order of First Reading 3/25/2004HouseChief House Sponsor Rep. Larry McKeon 3/25/2004HouseAdded Alternate Chief Co-Sponsor Rep. Kenneth Dunkin 3/25/2004HouseFirst Reading 3/25/2004HouseReferred to Rules Committee 3/29/2004HouseAlternate Chief Sponsor Changed to Rep. Julie Hamos 3/29/2004HouseAdded Alternate Chief Co-Sponsor Rep. Larry McKeon 3/29/2004HouseAdded Alternate Chief Co-Sponsor Rep. Eddie Washington 3/30/2004HouseAdded Alternate Co-Sponsor Rep. Harry Osterman 3/30/2004HouseAdded Alternate Co-Sponsor Rep. Karen A. Yarbrough 3/30/2004HouseAdded Alternate Co-Sponsor Rep. Marlow H. Colvin 3/30/2004HouseAssigned to Housing and Urban Development Committee 3/30/2004HouseAdded Alternate Co-Sponsor Rep. Paul D. Froehlich 3/31/2004HouseAdded Alternate Chief Co-Sponsor Rep. Paul D. Froehlich 3/31/2004HouseSponsor Removed Rep. Paul D. Froehlich 3/31/2004HouseAdded Alternate Co-Sponsor Rep. Arthur L. Turner 3/31/2004HouseAdded Alternate Co-Sponsor Rep. Sara Feigenholtz 3/31/2004HouseAdded Alternate Co-Sponsor Rep. John A. Fritchey 3/31/2004HouseAdded Alternate Co-Sponsor Rep. Robert F. Flider 4/1/2004HouseAdded Alternate Co-Sponsor Rep. Barbara Flynn Currie 4/21/2004HouseDo Pass / Short Debate Housing and Urban Development Committee; 020-000-000 4/21/2004HousePlaced on Calendar 2nd Reading - Short Debate 4/22/2004HouseSecond Reading - Short Debate 4/22/2004HouseHeld on Calendar Order of Second Reading - Short Debate 4/27/2004HouseSecond Reading - Short Debate 4/27/2004HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/27/2004HouseAdded Alternate Co-Sponsor Rep. Maria Antonia Berrios 4/27/2004HouseAdded Alternate Co-Sponsor Rep. Patricia Bailey 4/27/2004HouseAdded Alternate Co-Sponsor Rep. Eileen Lyons 4/27/2004HouseAdded Alternate Co-Sponsor Rep. Patricia R. Bellock 4/27/2004HouseAdded Alternate Co-Sponsor Rep. Cynthia Soto 4/27/2004HouseAdded Alternate Co-Sponsor Rep. Calvin L. Giles 4/27/2004HouseThird Reading - Short Debate - Passed 116-000-001 4/27/2004SenatePassed Both Houses 5/26/2004SenateSent to the Governor 7/14/2004SenateGovernor Approved 7/14/2004SenateEffective Date July 14, 2004 7/14/2004SenatePublic Act . . . . . . . . . 93-0727