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| Public Act 095-0129 |
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AN ACT concerning property.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 1. Short title. This Act may be cited as the | ||||
Condominium Advisory Council Act. | ||||
Section 5. Definitions. In this Act: | ||||
"Condominium" refers to property described in the | ||||
Condominium Property Act. | ||||
"Council" means the Condominium Advisory Council. | ||||
Section 10. Condominium Advisory Council. | ||||
(a) Subject to appropriation, the Condominium Advisory | ||||
Council is created within the Department of Revenue. Subject to | ||||
appropriation, the Department of Revenue shall provide | ||||
administrative and financial support to the Council. The | ||||
Council shall be composed of 7 members appointed as follows: | ||||
(1) Four members of the General Assembly, one each | ||||
appointed by the President of the Senate, the Minority | ||||
Leader of the Senate, the Speaker of the House of | ||||
Representatives, and the Minority Leader of the House of | ||||
Representatives. | ||||
(2) Three members of the public who have knowledge or | ||||
ownership interests in condominiums appointed by the | ||||
Governor. | ||
(b) The Governor shall designate one of the members of the | ||
Council as chairperson. The Council may chose such other | ||
officers as it deems appropriate. The Council shall meet at the | ||
call of the chairperson. | ||
(c) The members of the Council shall receive no | ||
compensation for their services as members of the Council but | ||
may be reimbursed for actual expenses incurred in the | ||
performance of their duties on the Council from appropriations | ||
made to them for such purpose. | ||
(d) A majority of the members of the Council shall | ||
constitute a quorum to do business and a majority vote of the | ||
members of the Council shall be necessary for a decision of the | ||
Council. | ||
Section 15. Council duties. The Council shall: | ||
(1) identify issues facing condominium owners, condominium | ||
associations, and other persons who have financial interests in | ||
condominiums; | ||
(2) study the Condominium Property Act and related Acts | ||
that affect condominium ownership and suggest legislation to | ||
the General Assembly to amend those Acts; and | ||
(3) report its findings and recommendations to the Governor | ||
and General Assembly by January 31, 2008. | ||
Section 20. Dissolution of Council. The Council shall be | ||
dissolved 30 days after it reports its findings and | ||
recommendations to the Governor and General Assembly.
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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