IllinoisHB2563104th General Assembly (2025–2026)HouseWALLET

CONDO-RESERVE STUDY

Sponsored By: Kam Buckner (Democratic)

In Committee

Summary

Amends the Common Interest Community Association Act. Requires a common interest association to conduct and update a reserve study every 5 years. "Reserve study" means an analysis of the reserves required for future major maintenance, repairs, and replacements of the common elements. Grants a 5-year window for an association to conduct a reserve study or update a current study. Requires a reserve study to be made available to any prospective purchaser of a unit upon request for a resale of any unit in the community. Exempts an association with 15 or fewer units but still requires the board to comply with the budgeting and reserve requirements elsewhere in the Act. Amends the Condominium Property Act to make similar changes.

judiciary - civil

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Kam Buckner

    Democratic • House

Cosponsors

  • Barbara Hernandez

    Democratic • House

  • Diane Blair-Sherlock

    Democratic • House

  • Harry Benton

    Democratic • House

  • Janet Yang Rohr

    Democratic • House

  • Jay Hoffman

    Democratic • House

  • Rick Ryan

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 92 • No: 39

House vote • 3/26/2026

Do Pass / Short Debate Judiciary - Civil Committee;

Yes: 20 • No: 0

House vote • 3/25/2026

Motion to Suspend Rule 21 - Prevailed

Yes: 72 • No: 39

Actions Timeline

  1. Added Co-Sponsor Rep. Diane Blair-Sherlock

    9/8/2026House
  2. Rule 19(a) / Re-referred to Rules Committee

    4/17/2026House
  3. Placed on Calendar Order of 3rd Reading - Short Debate

    4/8/2026House
  4. Second Reading - Short Debate

    4/8/2026House
  5. Placed on Calendar 2nd Reading - Short Debate

    3/27/2026House
  6. House Committee Amendment No. 1 Tabled

    3/26/2026House
  7. Do Pass / Short Debate Judiciary - Civil Committee; 020-000-000

    3/26/2026House
  8. Motion to Suspend Rule 21 - Prevailed 072-039-000

    3/25/2026House
  9. Motion Filed to Suspend Rule 21 Judiciary - Civil Committee; Rep. Robyn Gabel

    3/25/2026House
  10. Added Co-Sponsor Rep. Barbara Hernandez

    3/25/2026House
  11. Assigned to Judiciary - Civil Committee

    3/24/2026House
  12. Added Co-Sponsor Rep. Jay Hoffman

    1/28/2026House
  13. Chief Sponsor Changed to Rep. Kam Buckner

    1/28/2026House
  14. Added Co-Sponsor Rep. Janet Yang Rohr

    8/26/2025House
  15. House Committee Amendment No. 1 Rule 19(c) / Re-referred to Rules Committee

    3/21/2025House
  16. Rule 19(a) / Re-referred to Rules Committee

    3/21/2025House
  17. Added Co-Sponsor Rep. Harry Benton

    3/18/2025House
  18. House Committee Amendment No. 1 Rules Refers to Judiciary - Civil Committee

    3/13/2025House
  19. To Commercial & Property Law Subcommittee

    3/12/2025House
  20. House Committee Amendment No. 1 Referred to Rules Committee

    3/12/2025House
  21. House Committee Amendment No. 1 Filed with Clerk by Rep. Terra Costa Howard

    3/12/2025House
  22. Assigned to Judiciary - Civil Committee

    3/4/2025House
  23. Referred to Rules Committee

    2/4/2025House
  24. First Reading

    2/4/2025House
  25. Added Chief Co-Sponsor Rep. Rick Ryan

    2/4/2025House

Bill Text

  • Engrossed

  • House Amendment 1

  • Introduced

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