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HB 5449

Illinois - Session 104

House of Representatives in_committee 2026-03-27
Bill Details

Title: CONDO CI ASSN-DISCLSOURE INFO

Summary

Amends the Common Interest Community Association Act and the Condominium Property Act. Requires the board of directors to provide a website that unit owners can access on the Internet that includes information about board and association meetings, agendas, and minutes of the last meeting. Requires that the board must transmit quarterly to the members electronically via email a statement of the association's financial data, to include, but not be limited to, receipts, expenses, invoices, contracts, and obligations. Requires any fee increase of any kind that is more than 10% must be approved by 75% of the unit owners notwithstanding any other provision in this Act or in the association's instruments.

Sponsor
Rita Mayfield
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-02-13 Introduced Bill introduced
2026-03-27 Status in_committee
2026-03-27 Latest Action 3/27/2026 - House: