Illinois General Assembly - Full Text of HB1414
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Full Text of HB1414  93rd General Assembly

HB1414eng 93rd General Assembly


093_HB1414eng

 
HB1414 Engrossed                     LRB093 07633 LCB 07812 b

 1        AN ACT concerning liens.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.  The Mechanics Lien Act is amended  by  adding
 5    Section 1.2 as follows:

 6        (770 ILCS 60/1.2 new)
 7        Sec.   1.2.  Rental  equipment  liens.   In  addition  to
 8    persons who would otherwise have a lien under this  Act,  any
 9    person,  whether  contractor  or  subcontractor,  who  leases
10    construction  equipment  to another for use in the process of
11    constructing an improvement to real estate, has  a  lien  for
12    the  rental  value  of the construction equipment to the same
13    extent and in the same manner as provided  in  this  Act  for
14    other  liens.   This  Section shall apply only if, and to the
15    extent that, the equipment is used on or about  the  site  of
16    the  improvement  or is used to haul materials to or from the
17    site.  This Section does not  apply  if  the  improvement  is
18    either  a single family residence or a multi-family residence
19    of fewer than 12 units in a single building.

20        Section 99.  Effective date.  This Act takes effect  upon
21    becoming law.