HB 220

Abstract

Amends the Citizen Participation Act. Makes a technical change in a Section concerning the short title. House Floor Amendment No. 1 Deletes reference to: 735 ILCS 110/1 Adds reference to: 765 ILCS 160/1-32 new 765 ILCS 605/18.5 from Ch. 30, par. 318.5 765 ILCS 605/18.12 new Replaces everything after the enacting clause. Amends the Common Interest Community Association Act. Provides that any association with major shared components or significant infrastructure that has had a reserve study conducted on or after January 1, 2020, shall have an updated reserve study conducted within 5 years after the date the reserve study was conducted and at least every 5 years thereafter. Sets forth requirements for the reserve study. Amends the Condominium Property Act. Provides that any association with major shared components or significant infrastructure that has had a reserve study conducted on or after January 1, 2020, shall have an updated reserve study conducted within 5 years after the date the reserve study was conducted and at least every 5 years thereafter. Sets forth requirements for the reserve study. Makes a conforming change.