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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB0155
Introduced 2/2/2005, by Sen. Carole Pankau SYNOPSIS AS INTRODUCED:
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Amends Mechanics Lien Act. Permits a lien for leasing construction equipment used for improving real estate. Excludes improvements to single family residences or multi-family residences with fewer than 12 units in a single building. Effective
immediately.
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A BILL FOR
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SB0155 |
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LRB094 07297 LCB 37455 b |
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| AN ACT concerning liens.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Mechanics Lien Act is amended by adding |
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| Section 1.2 as
follows:
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| (770 ILCS 60/1.2 new)
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| Sec. 1.2. Rental equipment liens. In addition to persons |
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| who would
otherwise have a lien under this Act, any person, |
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| whether contractor or
subcontractor, who leases construction |
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| equipment to another for use in the
process of
constructing an
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| improvement to real estate, has a lien for the rental value of |
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| the construction
equipment
to the same extent and in the same |
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| manner as provided in this Act for other
liens. This Section |
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| shall apply only if, and to the extent that, the equipment
is
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| used on or about the site of the improvement or is used to haul |
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| materials
to or from the site. This Section does not apply if |
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| the improvement is either
a single family residence or a |
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| multi-family residence of fewer than 12 units in
a single |
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| building.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law. |