Illinois General Assembly - Bill Status for SB2863

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Bill Status of SB2863 102nd General Assembly

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Short Description: CONDO PROPERTY-FORCED SALES

Senate Sponsors
Sen. Michael Connelly

Last Action

Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 605/15

from Ch. 30, par. 315

Synopsis As Introduced
Amends the Condominium Property Act. Provides that if a unit owner has filed a written objection to a sale of condominium property within 20 days after the date of the meeting at which the sale was approved, the unit owner may retain ownership of his or her unit if the fair market value is not at least 90% of the price the unit owner paid for the unit. Provides that the changes apply to sales that are pending or commenced on and after the effective date. Effective immediately.

Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Amends the Condominium Property Act. Provides that a unit owner is entitled to receive from the proceeds of a sale of condominium property reimbursement for reasonable relocation costs, determined in the same manner as under the federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970, as amended from time to time, and as implemented by regulations promulgated under that Act. Provides that the changes apply to sales that are pending or commenced on and after the effective date. Effective immediately.

Actions

Date	Chamber	Action
2/17/2016	Senate	Filed with Secretary by Sen. Michael Connelly
2/17/2016	Senate	First Reading
2/17/2016	Senate	Referred to Assignments
3/2/2016	Senate	Assigned to Judiciary
3/9/2016	Senate	Postponed - Judiciary
3/15/2016	Senate	Senate Committee Amendment No. 1 Filed with Secretary by Sen. Michael Connelly
3/15/2016	Senate	Senate Committee Amendment No. 1 Referred to Assignments
3/16/2016	Senate	Senate Committee Amendment No. 1 Assignments Refers to Judiciary
3/16/2016	Senate	Postponed - Judiciary
3/16/2016	Senate	Senate Committee Amendment No. 1 Postponed - Judiciary
4/5/2016	Senate	Senate Committee Amendment No. 1 Adopted
4/6/2016	Senate	Do Pass as Amended Judiciary; 008-000-001
4/6/2016	Senate	Placed on Calendar Order of 2nd Reading April 7, 2016
5/27/2016	Senate	Rule 2-10 Committee/3rd Reading Deadline Established As May 31, 2016
7/31/2016	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/10/2017	Senate	Session Sine Die

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