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IL HB3024
Bill
Status
Failed
1/7/2025
Primary Sponsor
Barbara Hernandez
Click for details
AI Summary
- Amends the Common Interest Community Association Act by adding Section 1-46
- Caps monthly assessments for common expenses at $450 per month for associations in municipalities with populations of 500,000 or less
- Assessment cap applies only to associations that do not offer community amenities such as pools, gyms, security, and club houses
- Cap applies to assessments imposed on unit owners for common expenses
Legislative Description
COMMON INTEREST-ASSESSMENT
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Rules3/10/2023
Housing2/28/2023
Rules2/16/2023
Full Bill Text
No bill text available