Illinois General Assembly - Bill Status for HB5783

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Bill Status of HB5783 100th General Assembly

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Short Description: CONDO ACT-ACCOUNTING PRACTICES

House Sponsors
Rep. Natalie A. Manley

Last Action

Date	Chamber	Action
1/8/2019	House	Session Sine Die

Statutes Amended In Order of Appearance

765 ILCS 605/18.10

Synopsis As Introduced
Amends the Condominium Property Act. Provides that an association subject to the Act that consists of 200 (instead of 100) or more units shall use generally accepted accounting principles in fulfilling any accounting obligations under the Act. Provides that by no later than January 1, 2019, an association that consists of not less than 176 and not more than 199 units shall use generally accepted accounting principles. Provides that by no later than January 1, 2020, an association that consists of not less than 136 and not more than 175 units shall use generally accepted accounting principles. Provides that by no later than January 1, 2021, an association that consists of not less than 101 and not more than 135 units shall use generally accepted accounting principles. Effective immediately.

Actions

Date	Chamber	Action
2/16/2018	House	Filed with the Clerk by Rep. Natalie A. Manley
2/16/2018	House	First Reading
2/16/2018	House	Referred to Rules Committee
3/21/2018	House	Assigned to Judiciary - Civil Committee
3/23/2018	House	To Civil Procedure Subcommittee
4/13/2018	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2019	House	Session Sine Die

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