SB1804 EngrossedLRB097 08557 HLH 48684 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by adding
5Section 27-55a as follows:
 
6    (35 ILCS 200/27-55a new)
7    Sec. 27-55a. Restrictive covenants; waiver of certain
8rights. A deed restriction, restrictive covenant, or similar
9provision may not waive, prohibit, or restrict the right to
10notice of a public hearing or the right to object, oppose, or
11challenge (i) the creation of a special service area, (ii) the
12levy of any tax of a special service area, or (iii) the
13issuance of bonds of a special service area. Any such deed
14restriction, restrictive covenant, or similar provision shall
15not be enforceable and is null and void against the property
16owner, lot or unit owner of the common interest community,
17condominium, or cooperative. The term "common interest
18community" in this Section has the same meaning as set forth in
19Section 9-102(c) of the Code of Civil Procedure.
 
20    Section 99. Effective date. This Act takes effect upon
21becoming law.